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Remy Cointreau SA (RCOP.PA)

RCOP.PA on Paris Stock Exchange

101.60EUR
11 Dec 2018
Change (% chg)

€1.65 (+1.65%)
Prev Close
€99.95
Open
€100.30
Day's High
€102.70
Day's Low
€100.10
Volume
130,486
Avg. Vol
104,795
52-wk High
€131.30
52-wk Low
€98.60

Latest Key Developments (Source: Significant Developments)

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

Remy "very optimistic" on business prospects for Chinese New Year-CFO
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Remy Cointreau CFO Luca Marotta tells analysts::"VERY OPTIMISTIC" ON BUSINESS PROSPECTS FOR CHINESE NEW YEAR.  Full Article

Remy Cointreau CEO says "comfortable" with group's portfolio of brands
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Remy Cointreau CEO Valerie Chapoulaud Floquet tells a news conference::Very confident over inventory levels, Louis XIII cognac has a plan with a 50 year horizon.Says "comfortable" with group' current portfolio of brands.  Full Article

Remy Cointreau confident over Chinese New Year prospects
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Remy Cointreau CEO Valerie Chapoulaud-Floquet tells a news conference::Says Chinese market confirming rebound, mid-Autumn festival was excellent for all brands, expects good Chinese New Year in February..Says Remy Martin cognac sales growing double digit in U.S., "very confident" over cognac prospects in U.S in H2..  Full Article

Remy Cointreau says China performance can improve further over 3-5 years
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Remy Cointreau Chief Financial Officer Luca Marotti::Says on conference call that the negative foreign exchange impact on net group results, when modelled on a yearly basis, will be around 7 to 8 million euros ($9.42 million).Says China can improve performance over the next three to five years, though not necessarily "in a straight line".Says aiming in the medium term to increase annual advertising spend at a higher pace than sales growth.  Full Article

UPDATE 2-Remy reassures on China as drinks group toasts robust results

* CEO predicts "very good Chinese New year" performance (Adds CEO comments, further details)