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    RCO   FR0000130395

RÉMY COINTREAU

(RCO)
  Report
Real-time Euronext Paris  -  11:35 2022-12-06 am EST
162.50 EUR   -0.79%
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11/25Expectation of a turn-around
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Remy Cointreau first half profits beat expectations, keeps outlook

11/24/2022 | 01:38am EST
FILE PHOTO: Bottles of Cointreau are displayed in the Carre Cointreau at the Cointreau distillery in Saint-Barthelemy-d'Anjou near Angers

PARIS (Reuters) - Remy Cointreau reported a stronger-than-expected 27.2% organic jump in first-half operating profit, driven by strong demand for its premium cognac in China and the United States and cost controls.

For the full year of 2022/23, the maker of Remy Martin cognac and Cointreau liqueur reiterated it expected another year of strong organic sales growth, with the second half set to reflect a return to normal consumption trends after two years of "exceptional growth".

Group current operating profit for the six months to Sept. 30 reached 318.3 million euros ($332.1 million), marking an organic rise of 27.2%.

That outperformed a company-compiled consensus of 22 analysts that forecast current operating profit of 306 million euros, up 23.8% like-for-like.

Remy Cointreau's fiscal year starts on April 1 and ends on March 31.

($1 = 0.9586 euros)

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)


© Reuters 2022
All news about RÉMY COINTREAU
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11/24Remy Cointreau Maintains FY23 Sales, Earnings Growth Outlook
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11/24Remy Cointreau first half profits beat expectations, keeps outlook
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Analyst Recommendations on RÉMY COINTREAU
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Financials
Sales 2023 1 575 M 1 657 M 1 657 M
Net income 2023 297 M 312 M 312 M
Net Debt 2023 368 M 387 M 387 M
P/E ratio 2023 28,1x
Yield 2023 1,40%
Capitalization 8 212 M 8 639 M 8 639 M
EV / Sales 2023 5,45x
EV / Sales 2024 5,07x
Nbr of Employees -
Free-Float 43,1%
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Technical analysis trends RÉMY COINTREAU
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 22
Last Close Price 162,50 €
Average target price 190,36 €
Spread / Average Target 17,1%
EPS Revisions
Managers and Directors
Eric Vallat Chief Executive Officer
Luca Calogero Pietro Marotta Chief Financial Officer
Marie-Amélie Jacquet Chairman
Patrick Marchand Operations Director
Jacques-Étienne de T'Serclaes Independent Director
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