Top Picks Q1 2013 – Heineken, Rémy Cointreau

News published on January Wednesday 16, 2013
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In the fourth quarter, after outperforming in the first three quarters of 2012, the Beverages sector performed closer in line with the wider market, delivering a price appreciation of 2.6% while the Stoxx600 increased by 1.0%.  It was mainly the brewers which are regarded as being more risk-on that outperformed with an average 4% share price appreciation: Heineken (+7%), Carlsberg (+6%), SABMiller (+2%), all delivered good price appreciation whereas AB InBev (-2%) declined. The Distillers’ subsector lost 4%, with the only positive performance coming from Diageo (+1%), whereas the share prices of Pernod Ricard (-1%), Rémy Cointreau (-8%) and Campari (-7%) fell.

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