While Q2 was expected to see acceleration, the group reported -3.6% organic sales growth (-4% in Q2, est. -2.7%) due to technical factors and Group Brands growth below its expectations. The unclear guidance isn’t reassuring.
18 Oct 2019
The improvements planned for Q2 were not there
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The improvements planned for Q2 were not there
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
18 Oct 2019 -
Author:
Laura Parisot -
Pages:
3
While Q2 was expected to see acceleration, the group reported -3.6% organic sales growth (-4% in Q2, est. -2.7%) due to technical factors and Group Brands growth below its expectations. The unclear guidance isn’t reassuring.