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28.11.24 - 11:21
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Remy Cointreau rises as hopes on US trends outshine gloomy outlook (Reuters EN)
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BUZZ-Remy Cointreau rises as hopes on US trends outshine gloomy outlook ** Shares in Remy Cointreau RCOP.PA rise 5.8% in very wobbly trade as hopes on U.S. trends reversal outshine the below-expectations FY outlook ** Remy's H1 oper profit falls 17.6% LFL, less than feared, but the spirits maker sees worse-than-expected FY organic sales (-15% to -18%), and organic current oper margin of between 21%-22% ** Asked about the wobbly trade, Bernstein analyst Trevor Stirling describes a massive tension...
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28.11.24 - 07:55
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Cost cuts help Remy Cointreau limit H1 profit drop as tariffs loom (Reuters EN)
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UPDATE 1-Cost cuts help Remy Cointreau limit H1 profit drop as tariffs loom Adds details from statement By Dominique Vidalon PARIS, Nov 28(Reuters) - Remy Cointreau RCOP.PA said first-half operating profit fell less than feared despite lower sales, thanks mostly to cost cuts, providing some relief to the embattled spirits maker facing tariffs in its key U.S....
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28.11.24 - 07:44
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Cost cuts help Remy Cointreau limit H1 profit drop (Reuters EN)
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Cost cuts help Remy Cointreau limit H1 profit drop PARIS, Nov 28(Reuters) - Remy Cointreau RCOP.PA said first-half operating profit fell less-than-feared despite lower sales, thanks mostly to cost cuts, offering some light relief for the embattled spirits maker facing tariffs in its key United States and Chinese markets. The maker of Remy Martin cognac and Cointreau liqueur, which last month dropped hopes for a quick recovery in sales, predicted organic sales would decline by between 15% and 18%...
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