Remy Cointreau FY Current Operating Profit At EUR 304.4 Million, Beats Consensus
June 6 (Reuters) -Remy Cointreau SA RCOP.PA:
FY NET PROFIT GROUP SHARE EUR 184.8 MILLION VERSUS EUR 186.8 MILLION IN COMPANY-COMPILED CONSENSUS
FY CURRENT OPERATING PROFIT EUR 304.4 MILLION VERSUS EUR 299.8 MILLION IN COMPANY-COMPILED CONSENSUS
FY EPS OF EUR 3.64, DOWN -37.1% AS REPORTED, FOR ORGANIC RISE OF +50.0% COMPARED WITH 2019-20
2024-25 OBJECTIVES: GRADUAL RECOVERY IN SALES IN COURSE OF YEAR AND PROFITABILITY PROTECTED
2029-30 OBJECTIVES CONFIRMED
IN 2024-25 EXPECTS FX EFFECT: NEGATIVE IMPACT ON SALES BETWEEN EUR 5 MILLION AND EUR 10 MILLION; FAVORABLE IMPACT ON CURRENT OPERATING PROFIT OF BETWEEN + EUR 3 MILLION AND + EUR 7 MILLION
OUTLOOK FROM 2025-26: RETURN TO HIGH SINGLE-DIGIT AVERAGE ANNUAL SALES GROWTH, WITH GRADUAL IMPROVEMENT IN COP MARGIN (ON AN ORGANIC BASIS)
WILL PROPOSE ORDINARY DIVIDEND OF EUR 2.0 PER SHARE
Source text for Eikon: [ID:]
Further company coverage: RCOP.PA
(Gdansk Newsroom)
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