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Remy Cointreau SA

RCOP.PA

Latest Trade

127.30EUR

Change

0.00(0.00%)

Volume

23,152

Today's Range

126.10

 - 

127.60

52 Week Range

79.20

 - 

142.90

As of on the Euronext Paris ∙ Minimum 15 minute delay

Latest Developments

Remy Cointreau Enters Negotiations To Buy Maison de Champagne J. de Telmont

June 15 (Reuters) - REMY COINTREAU SA <RCOP.PA>::RÉMY COINTREAU IN EXCLUSIVE NEGOTIATIONS TO ACQUIRE MAISON DE CHAMPAGNE J. DE TELMONT.HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS WITH LHOPITAL FAMILY TO ACQUIRE A MAJORITY STAKE IN CAPITAL OF CHAMPAGNE DE TELMONT COMPANY.TRANSACTION, WHICH WILL BE SUBMITTED FOR ADMINISTRATIVE AUTHORISATIONS REQUIRED BY LAWS IN FORCE, SHOULD BE COMPLETED IN Q3 OF FINANCIAL YEAR 2020/21.ACQUISITION INCLUDES BRANDS, STOCKS, PRODUCTION RESOURCES AND REAL ESTATE ASSETS OF DOMAIN, AS WELL AS VINEYARDS IN CHAMPAGNE.HIGH-END CHAMPAGNE BRAND OFFERS SIGNIFICANT GROWTH POTENTIAL OVERTIME, ESPECIALLY ON INTERNATIONAL MARKET.

Remy Cointreau CEO says acquisitions not number priority in short-term

June 4 (Reuters) - Remy Cointreau SA <RCOP.PA> CEO Eric Vallat::REMY COINTREAU CEO SAYS ACQUISITIONS ARE NOT OUR NUMBER ONE PRIORITY IN THE SHORT-TERM EVEN IF WE COULD LOOK AT OPPORTUNITIES IF THEY ARISE.REMY COINTREAU CEO SAYS CHAMPAGNE BRAND "COULD MAKE SENSE IN OUR PORTFOLIO".

Remy Cointreau CEO says Chinese market recovering faster than expected

June 4 (Reuters) - Remy Cointreau SA <RCOP.PA> CEO ERIC VALLAT TELLS A CONFERENCE CALL::CEO SAYS WE WILL PURSUE OUR VALUE STRATEGY BUT WE WILL REFINE THAT STRATEGY.CEO SAYS COVID CRISIS WILL NOT CHANGE OUR VALUE STRATEGY.CEO SAYS LOUIS XIII PROVED RESILIENT DURING COVID CRISIS, STILL LOT OF ROOM TO GROW IN DIRECT SALES, E-BOUTIQUES.CEO SAYS SIGNS OF RECOVERY IN CHINA ARE COMING A BIT EARLIER THAN WE EXPECTED, SAYS REMAINS VERY CAUTIOUS ON HONG-KONG.

Remy Cointreau: Sees H1 2020/21 Current Operating Profit To Decline By 45-50%

June 4 (Reuters) - :FY NET PROFIT GROUP SHARE REPORTED EUR 113.4 ‍​MILLION VERSUS EUR 159.2 MILLION YEAR AGO.FY EPS GROUP SHARE REPORTED EUR 2.28 ‍VS EUR 3.18 YEAR AGO.END-MARCH NET DEBT EUR 450.9 MILLION, UP EUR 107.6 MILLION FROM POSITION AT END-MARCH 2019.ROCE 16.5% FOR THE YEAR ENDED 31 MARCH 2020, DOWN 5.0 PERCENTAGE POINTS YEAR-ON-YEAR.FY CURRENT OPERATING PROFIT REPORTED EUR 215.1 ‍​MILLION VERSUS EUR 264.1 MILLION YEAR AGO.2020/2021 OUTLOOK: REMAINS CONFIDENT IN ITS ABILITY TO EMERGE STRONGER FROM CRISIS.Q1 2020/2021 OUTLOOK: EXPECTS SALES TO DECLINE BY AROUND 45% ON ORGANIC BASIS (PREVIOUSLY 50-55%).H1 2020/2021 OUTLOOK: EXPECTS CURRENT OPERATING PROFIT TO DECLINE BY 45-50% ON ORGANIC BASIS.H2 2020/2021 OUTLOOK: EXPECTS STRONG RECOVERY, BUOYED BY CHINA AND UNITED STATES.EXPECTS TO DELIVER GROSS MARGIN OF 72% AND CURRENT OPERATING MARGIN OF 33% BY 2030.

Remy Cointreau completes acquisition of La Maison De Cognac J.R. Brillet

May 4 (Reuters) - Remy Cointreau SA <RCOP.PA>::COMPLETION OF ACQUISITION OF LA MAISON DE COGNAC J.R. BRILLET.

Remy Cointreau expects H1 2020/21 operating profit to be under pressure - CFO

April 29 (Reuters) - Remy Cointreau SA <RCOP.PA> Luca Marotta tells analysts::EXPECTS Q2 FY 2020/21 TO BE STILL NEGATIVE IN TERMS OF SALES BUT LESS THAN Q1 - CFO.EXPECTS FULL YEAR 2020/21 TO BE A YEAR OF PROGRESSIVE SALES ACCELERATION WITH STRONG VOLATILITY BETWEEN QUARTERS - CFO.EXPECTS H1 2020/21 OPERATING PROFIT TO BE UNDER PRESSURE - CFO.CFO SAYS GROUP BALANCE SHEET IS VERY SOLID, CAPEX HAVE BEEN REDUCED.GROUP WORKING ON COST REDUCTION, INCLUDING REDUCNG A&P ON NON STRATEGIC SPENDING, INCREASE FOCUS ON DIGITAL, HIRING FREEZE, NO SALARY INCREAES..

Remy Cointreau Expects Organic Sales To Decline By Up To 55% In Q1 2020/21

April 29 (Reuters) - Remy Cointreau SA <RCOP.PA>::FY TOTAL SALES EUR 1.02 BILLION VERSUS EUR 1.13 BILLION YEAR AGO.OUTLOOK 2019/20: EXPECTS CURRENT OPERATING PROFIT TO DECLINE BY AROUND 20% ON REPORTED BASIS, BY 25% ON ORGANIC BASIS.OUTLOOK: CONFIRMS WHOLESALERS' DESTOCKING IN GREATER CHINA AND SHARP SLOWDOWN IN EUROPEAN, AMERICAN MARKETS IS LIKELY TO SEVERELY IMPACT SALES IN Q1 2020/21.ANTICIPATES GRADUAL RECOVERY IN BUSINESS DURING Q2.FY SALES AT HOUSE OF REMY MARTIN DECLINED BY 7.5% IN ORGANIC TERMS.EXPECTS ORGANIC SALES TO DECLINE BY AROUND 50% TO 55% IN Q1 2020/21.

Remy Cointreau Proposes Dividend Of EUR 1.00/shr

April 16 (Reuters) - REMY COINTREAU <RCOP.PA>::RÉMY COINTREAU: RESPONSIBLE AND CIVIC SOLIDARITY MEASURES.GROUP WILL PROPOSE TO ITS GENERAL MEETING TO GRANT A DIVIDEND OF EUR 1.00 PER SHARE FOR YEAR 2019/20.DECISION TAKEN TO MAINTAIN UNTIL END OF APRIL BASIC SALARY OF ITS 1,900 EMPLOYEES WORLDWIDE, AND IN PARTICULAR THAT OF ITS 720 EMPLOYEES LOCATED IN FRANCE, HAS NOW BEEN EXTENDED UNTIL END OF MAY.MEMBERS OF EXECUTIVE COMMITTEE DECIDED ON A FREEZE TO THEIR FIXED COMPENSATION FOR NEXT TWELVE MONTHS AND A VERY SUBSTANTIAL CUT IN THEIR VARIABLE COMPENSATION REGARDING YEAR 2019/20.MEMBERS OF BOARD OF DIRECTORS AGREED TO A REDUCTION IN THEIR ATTENDANCE FEES, PAID IN 2020/21.

Remy Cointreau Expects Decrease Of FY Results

April 2 (Reuters) - Remy Cointreau SA <RCOP.PA>::ESTIMATED INITIAL IMPACT OF THE COVID 19 PANDEMIC ON THE RÉMY COINTREAU GROUP.ITS REVENUES FOR 2019/20 FISCAL YEAR, ENDING MARCH 2020, WILL DECLINE BY ABOUT 9% IN REPORTED TERMS, AND BY 12% IN ORGANIC TERMS.GROUP HOLDS AROUND 300 MILLION EUROS OF EXCESS CASH, ON TOP OF ITS ESTIMATED NEEDS, AS OF END OF MARCH 2020.THESE EXPECTATIONS IMPLY AN ORGANIC DOWNTURN OF ABOUT 26% IN 4TH QUARTER.ANTICIPATES THAT ITS CURRENT OPERATING PROFIT WILL DECREASE BY 20% TO 25% IN REPORTED TERMS AND BY 25% TO 30% IN ORGANIC TERMS, FOR FISCAL YEAR 2019/20.GROUP'S COST STRUCTURE SHOULD GRADUALLY BENEFIT FROM REDUCTION EFFORTS IMPLEMENTED SINCE FEBRUARY 2020.DUE TO CORONAVIRUS, ANTICIPATES A GREATER DECLINE IN ORGANIC SALES IN 1ST QUARTER OF 2020/21 THAN IN 4TH QUARTER OF FISCAL YEAR 2019/20.REMAINS CONFIDENT ABOUT ITS ABILITY TO GET THROUGH THIS SANITARY CRISIS AND TO EMERGE FROM IT EVEN STRONGER, OVERTIME.CURRENTLY WITNESSING SOME IMPROVEMENTS IN GREATER CHINA, WHERE MOST SHOPS HAVE REOPENED, AS WELL AS SOME RESTAURANTS AND BARS.

Remy Cointreau Announces Changes Within Executive Committee

March 26 (Reuters) - REMY COINTREAU SA <RCOP.PA>::ANNOUNCES CHANGES WITHIN THE EXECUTIVE COMMITTEE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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