(News Bulletin 247) -AlphaValue maintains its buy rating on Remy Cointreau shares with a six-month price target of 181 euros.
Following the results for the 2023 financial year, AlphaValue announces that it is revising its estimates for 2024 downwards.
Thus, AlphaValue estimates that the turnover of Remy Cointreau will remain stable due to the decline in consumption of American cognac after 2 years of exceptional organic growth.
The first half will be significantly impacted by the 38% drop in sales in the first quarter.
According to AlphaValue, these adjustments should result in a decline in 2023 EPS of 16.1% (from 6.49 to 5.45 euros) and -8.6% for 2024 EPS (from 6.85 to 6.26 euro).
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