REMYF - Remy Cointreau: Growth Should Return This Year

2024-04-20 10:40:00 ET

Summary

• Remy Cointreau's portfolio is heavily reliant on cognac sales, which make up 75% of its revenue.
• The company experienced a decrease in revenue in the first half of the year, with the Americas division performing poorly.
• Remy Cointreau expects a 20% organic revenue decrease for the full year but remains focused on protecting margins and long-term growth goals.

Introduction

Although the name Rémy Cointreau ( OTCPK:REMYF ) ( OTCPK:REMYY ) may not sound familiar to everyone, its portfolio of brands will likely ring a bell. As close to 75% of the total revenue is generated by cognac sales, cognac is the most important part of the portfolio. Cointreau has a worldwide market share of approximately 14% in the cognac market. Despite its strong position, the share price lost about a third since my last article on the group....

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