Remy Cointreau: an analyst's views after the results

(CercleFinance.com) - The share price is down nearly 1% today, after a gain of almost 3% yesterday following the announcement of results for the first half of 2024-25.


UBS confirms its Neutral rating on the stock, with an unchanged target price of E65.

'Although EBIT for the first half is 10% above consensus, the outlook for FY25 implies a downgrade of -8% to -17% on the current EBIT consensus, with medium-term targets unchanged' says UBS.

"The share price reaction is driven by positive comments on the recovery after sequential exhaustion" adds the analyst firm.

Rémy Cointreau anticipates for 2024-25 an organic decline in sales of between -15% and -18%, and a current operating margin of between 21% and 22%, in organic terms.

The Group reiterates its financial targets for 2029-30: a Gross Margin of 72% and a Current Operating Margin of 33% (based on 2019-20 exchange rates and perimeter).

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