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Remy Cointreau SA (RCOP.PA)

RCOP.PA on Paris Stock Exchange

120.00EUR
24 Apr 2019
Change (% chg)

€0.90 (+0.76%)
Prev Close
€119.10
Open
€122.00
Day's High
€122.00
Day's Low
€118.30
Volume
82,301
Avg. Vol
86,118
52-wk High
€131.30
52-wk Low
€94.15

Latest Key Developments (Source: Significant Developments)

Remy Cointreau CFO says confident on China
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Remy Cointreau SA Luca Marotta tells an analysts call::CFO SAYS GROUP "VERY PLEASED" WITH CHINESE NEW YEAR 2019 DURING WHICH ALL COGNAC QUALITIES GREW DOUBLE-DIGIT.CFO SAYS TECHNICAL FACTORS TO LOWER SALES BY 56 MILLION EUROS IN FY 2019/20, OR NEGATIVE IMPACT OF 5 POINTS ON ORGANIC SALES GROWTH.CFO SAYS "VERY CONFIDENT" CAN CONTINUE TO GROW CHINA SALES DOUBLE DIGIT .CFO SAYS GROUP AVERAGE ANNUAL COGNAC SALES GROWTH COULD BE OF BETWEEN 8 PERCENT AND 10 PERCENT OVER MEDIUM TO LONG TERM.CFO SAYS GETTING MORE OPTIMISTIC OVER COINTREAU'S PERFORMANCE IN EUROP.CFO SAYS "OK" WITH CONSENSUS FOR FY 2018/19 OPERATING PROFIT.  Full Article

Remy Cointreau Disposes Its Distribution Subsidiaries In The Czech Republic And Slovakia To Jägermeister
Monday, 1 Apr 2019 

April 1 (Reuters) - REMY COINTREAU SA ::DISPOSES ITS DISTRIBUTION SUBSIDIARIES IN THE CZECH REPUBLIC AND SLOVAKIA TO JÄGERMEISTER.  Full Article

Remy Cointreau is better prepared to face China slowdown - CFO
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Remy Cointreau SA CFO Luca Marotta tells analysts::EXPECTS A 3 MILLION EUROS CURRENCY HEADWIND ON FY 2018/19 SALES, REITERATES EXPECTS 11 MLN HIT ON OPERATING PROFIT - CFO.CFO SAYS REMAINS "OK" WITH CONSENSUS FOR 13.5 PERCENT LIKE FOR LIKE OPERATING PROFIT GROWTH IN FY 18/19.SAYS CHINA COGNAC SALES GREW AROUND 20 PERCENT ON AVERAGE, CONFIDENT GROUP CAN KEEP GOING WITH THAT TREND.CFO SAYS GROUP IS MORE PREPARED THAN IN PREVIOUS YEARS TO REACT TO CHINA SLOWDOWN, GROUP IS MORE BALANCED.CFO GROUP TARGETING PRICE INCREASES IN FY 19/20 IN MOST REGIONS INCLUDING LOW TO MID SINGLE DIGIT INCREASES IN PRICES FOR COGNAC.  Full Article

Remy Cointreau Sells Distribution Business in Czech Republic And Slovakia
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Remy Cointreau SA ::RÉMY COINTREAU GROUP (PARIS:RCO) ANNOUNCES SIGNING OF A SHARE PURCHASE AGREEMENT FOR DISPOSAL OF ITS DISTRIBUTION SUBSIDIARIES IN CZECH REPUBLIC (RÉMY COINTREAU CZECH REPUBLIC) AND SLOVAKIA.SAYS SELLING BUSINESSES TO MAST-JÄGERMEISTER SE..CONCURRENTLY WITH THIS SALE, RÉMY COINTREAU GROUP SIGNED AN AGREEMENT WITH MAST-JÄGERMEISTER SE FOR DISTRIBUTION, BY LATTER, OF RÉMY COINTREAU'S SPIRITS.CLOSING OF DEAL IS CURRENTLY SCHEDULED FOR APRIL 1(ST), 2019..  Full Article

Remy Cointreau expects "very good Chinese New year" - CEO
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Remy Cointreau CEO Valerie Chapoulaud-Floquet and CFO Luca Marotta tells a news confeence ::EXPECTS NEGATIVE FOREX IMPACT OF 11 MILLION EUROS ON OPERATING PROFIT IN FY 2018/19 INSTEAD OF 17.7 MILLION EUROS PREVIOUSLY EXPECTED - CFO.CEO SAYS MID-AUTUMN FESTIVAL WAS VERY GOOD IN CHINA, EXPECTS VERY GOOD CHINESE NEW YEAR.CEO SAYS GROWING AT A RATE OF 20-30 PERCENT IN CHINA TODATE.CFO SAYS GROUP TO ACCELERATE PROFITABILITY IN H2.CFO REITERATES IS "OK" WITH MARKET CONSENSUS FOR 13.5 PERCENT LIKE-FOR-LIKE RISE IN CURRENT OPERATING PROFIT IN FULL YEAR 2018/19.CEO SAYS UK BUSINESS IS DOING WELL FOR NOW , "WE WILL SEE AFTER BREXIT".CFO EYES OPERATING PROFITABILITY OF 23.6 PCT-24.2 PCT AT 2019/2020 HORIZON POST IFRS.  Full Article

Remy Cointreau not seeing any slowdown in China todate - CEO
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Remy Cointreau CEO Valerie Chapoulaud-Floquet tells a news conference::CEO SAYS NOT SEEING ANY SLOWDOWN IN DEMAND IN CHINA TODATE.  Full Article

Remy Cointreau not seeing any slowdown in Chinese demand
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Remy Cointreau SA CFO Luca Marotta tells analysts::CFO SAYS MID-AUTUMN FESTIVAL MORE THAN CONFIRMED SOLID TRENDS IN CHINA.CFO SAYS STRONG TREND IN US IN Q2 BODES WELL FOR H2 FOR COGNAC AND COINTREAU.CFO SAYS EXPECTS ACCELERATION IN LIQUEURS & SPIRITS DIVISION IN H2.CFO SAYS IS "OK" WITH MARKET CONSENSUS FOR 13.5 PERCENT RISE IN CURRENT OPERATING PROFIT IN FY 2018/19.CFO SAYS NOT SEEING ANY SLOWDOWN IN DEMAND IN CHINA, SO FAR VERY OPTIMISTIC ON CHINA, MORE OPTIMISTIC THAN A FEW MONTHS AGO.CFO SAYS DEMAND FOR THE MID-AUTUMN FESTIVAL IN CHINA WAS BETTER THAN EXPECTED IN VOLUME AND IN VALUE.CFO SAYS BELIEVES GROUP IS BETTER PREPARED THAN 5-6 YEARS AGO TO FACE AN EVENTUAL CRISIS IN CHINA.CFO SAYS NOT SEEING ANY SLOWDOWN IN DEMAND FOR ITS LUXURY LOUIS XIII COGNAC IN CHINA.  Full Article

Remy would have to increase prices if trade war with U.S.-CFO
Friday, 20 Jul 2018 

July 20 (Reuters) - Remy Cointreau SA : CFO Luca Marotta:CFO SAYS STICKING WITH WHAT HE SAID IN JUNE ABOUT MARKET CONSENSUS FOR CURRENT OPERATING PROFIT FOR FY 18/19 AT CONSTANT RATES, SCOPE, SAYS "WE ARE FINE " WITH 13 PCT GROWTH.CFO SAYS IN CASE OF A TRADE WAR, THE GROUP WOULD HAVE TO INCREASE PRICES, SAYS "WE CANNOT PRODUCE COGNAC IN TEXAS".CFO SAYS WE ARE FINE WITH OUR COGNAC STOCKS LEVELS.  Full Article

Remy confident can beat consensus for FY 17/18 organic profit growth
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Remy Cointreau Luca Marotta tell analysts::CFO SAYS VERY CONFIDENT GROUP CAN ACHIEVE AND POSSIBLY SLIGHTLY BEAT MARKET EXPECTATIONS FOR AN 11 PERCENT RISE IN ORGANIC GROWTH IN FY 2017/18 OPERATING PROFIT.  Full Article

Remy Cointreau eyes positive impact from U.S. tax reform
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Remy Cointreau CFO Luca Marrotta tells analysts::CFO SAYS NOW EXPECTS 17-18 MILLION EUROS HIT FROM NEGATIVE CURRENCY IMPACT ON FY 17-18 CURRENT OPERATING PROFIT VS 10-11 MLN EUROS FORECAST PREVIOUSLY.CFO SAYS GROUP IS "VERY BULLISH" ON ITS EXPECTATIONS FOR CHINA, CONFIDENT CAN FURTHER INCREASE PRICES IN CHINA.CFO SAYS U.S. TAX REFORM WILL HAVE POSITIVE BUT NOT SIGNIFICANT IMPACT.  Full Article

UPDATE 2-Remy Cointreau confident on China growth prospects

* Shares flat, but up over 20 pct so far in 2019 (Adds CFO comments from call, shares, analyst)