- Remy Cointreau expects a fiscal year organic revenue decline of 15% to 18%, compared to estimates of an 11.8% decrease.
- The company anticipates a current operating margin of 21% to 22%, below the forecasted 24.6%.
- In the first half, current operating income stood at €147.3 million, a 13% decrease year-over-year, surpassing the forecast of €132.7 million.
- The Cognac segment reported a current operating profit of €126.5 million, also down 13% year-over-year, but above the expected €115.8 million.
- Liqueurs & Spirits achieved a current operating profit of €30 million, a slight 1% decline year-over-year, exceeding the projected €26 million.
- Partner brands experienced a current operating loss of €0.6 million, whereas last year saw a profit of €0.2 million, and the forecast predicted a profit of €0.12 million.
- The organic operating profit dropped by 17.6%, with a current operating margin of 27.6% versus 26.6% year-over-year, higher than the estimated 25.3%.
- Net income was €91.6 million, a 19% reduction year-over-year, exceeding the estimate of €79.8 million.
- Adjusted earnings per share (EPS) were €1.80, down from €2.24 year-over-year, yet above the predicted €1.55.
- Potential cognac duties from China would have a minimal impact during the 2024-25 fiscal year, with plans to mitigate effects from 2025-26 onwards.
- The 2024-25 period will involve the completion of destocking in the Americas.
- The company anticipates a marked return to growth in 2025-26, with an average high single-digit annual sales growth on an organic basis.
- The company reaffirms its financial targets for the 2029-30 fiscal year.
- RC Ventures has acquired a minority stake in ecoSPIRITS.
A look at Remy Cointreau Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts predict a moderately positive long-term outlook for Remy Cointreau SA based on its Smartkarma Smart Scores. With a respectable score of 4 for Dividend, the company shows strength in rewarding its shareholders. Moreover, a score of 3 for both Value and Growth indicates a solid foundation and potential for future expansion. In terms of Resilience, Remy Cointreau scores a 3, reflecting its ability to withstand market disruptions. However, with a slightly lower score of 2 for Momentum, the company may face challenges in maintaining its growth pace in the near future.
Remy Cointreau SA is a globally recognized manufacturer and distributor of premium wines and spirits, including renowned brands like Remy Martin cognac, Cointreau, and Mount Gay rum. The company's wide product portfolio appeals to discerning consumers worldwide. Through its efficient sales network, Remy effectively reaches markets across the globe, positioning itself as a key player in the luxury alcohol industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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