Remy Cointreau: UBS reiterates its buy recommendation

(CercleFinance.com) - UBS reiterates its buy rating on Remy Cointreau shares, leaving its target prive unchanged at E162 following the company's H1 2023-24 results.
This target represents 49% upside potential at present.

"Organic EBIT decline broadly in line with consensus: it might be enough to meet investors' expectations", UBS says.

Group share of net income came in at E113.0m, down -49.5% as reported (+17.8% organically vs. 2019-20), giving a net margin of 17.7%, down -8.1 points as reported.

Group share of EPS, which came in at E2.24, was down -49.1% as reported vs. H1 2022-23.


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