Rémy Cointreau: Better H2 is expected

BUY, Fair Value EUR72 (+20%)
News published on October Monday 19, 2015
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H1 sales would have been down 1% (vs -5.9%) restated from the technical effects. Except for the loss of the champagne distribution contracts in the US, they will disappear in the second half of the year. We expect organic sales over this period to be up 6.8%. This should drive an improved share performance going forward.

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