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REMY COINTREAU UNSP/ADR - REMYY STOCK NEWS

Welcome to our dedicated page for REMY COINTREAU UNSP/ADR news (Ticker: REMYY), a resource for investors and traders seeking the latest updates and insights on REMY COINTREAU UNSP/ADR stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect REMY COINTREAU UNSP/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of REMY COINTREAU UNSP/ADR's position in the market.

Rhea-AI Summary

On January 13, 2022, the Board of Directors of Rémy Cointreau approved a share capital reduction by cancelling 750,000 treasury shares, representing 1.45% of its capital. Following this action, the share capital is now €81,793,372.80, divided into 51,120,858 shares with a par value of €1.60 each. Rémy Cointreau holds 398,763 treasury shares, equating to 0.78% of its capital. The decision does not impact the liquidity contract previously established by the Company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
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Rhea-AI Summary

Rémy Cointreau announced key figures regarding its shares and voting rights as of December 31, 2021. The company has a total of 51,851,397 shares outstanding. The number of exercisable voting rights stands at 81,491,507, while the theoretical voting rights amount to 82,640,270. These figures provide transparency into the company's equity structure, important for investors assessing their voting power and shareholding status.

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Rhea-AI Sentiment
End-of-Day
-1.51%
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Rhea-AI Summary

Rémy Cointreau has reported liquidity account details as of December 31, 2021. The account holds 2,062 shares valued at €5,582,094.44. During the semester, there were 1,513 buy executions totaling 65,084 shares for €11,462,493.20, and 1,443 sell executions totaling 65,102 shares for €11,602,181.65. In comparison, as of June 30, 2021, the account had 2,080 shares worth €5,456,578.72 with 1,920 buy executions and 1,984 sell executions. The report outlines trading activities in detail, emphasizing the volume and value of shares traded.

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End-of-Day
-2.74%
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Rémy Cointreau announced the conclusion of its share buyback program on December 8, 2021, acquiring 982,713 shares, equivalent to 1.90% of its share capital, at an average price of 172.51 euros. The shares will be used to decrease share capital through cancellation, fulfill obligations from free share incentive programs, and meet commitments arising from securities. This buyback aligns with the company's strategic objectives to enhance shareholder value without impacting the ongoing liquidity contract.

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Rhea-AI Sentiment
End-of-Day
-0.13%
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buyback
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Rémy Cointreau has partnered with Genesis to enhance agricultural sustainability through soil health monitoring, amidst climate change challenges. This initiative focuses on measuring soil pollution, biodiversity, and carbon sequestration, aiming to support farmers and wine growers in adopting eco-friendly practices. The collaboration aligns with the Group's broader commitment to responsible farming and promoting its terroirs as solutions for combating global warming. Rémy Cointreau, renowned for its luxury spirits, continues to prioritize environmental stewardship within its operational framework.

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Rhea-AI Sentiment
End-of-Day
13.58%
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Rhea-AI Summary

Rémy Cointreau (Euronext: RCO) has announced the availability of its interim financial report for the six-month period ended September 30, 2021. The company is committed to producing exceptional spirits and maintaining its status as a global leader in the industry. With a portfolio of 14 brands including Rémy Martin, Louis XIII, and Cointreau, Rémy Cointreau emphasizes quality and tradition in its products. The report can be accessed online for further insights into the company's performance during this period.

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Rémy Cointreau reported a strong financial performance in H1 2021-22, with consolidated sales of €645.3 million, reflecting a growth of 52.0% on an organic basis. Current Operating Profit surged to €212.9 million, up 104.5%, achieving an all-time high operating margin of 33.0%. The report highlights robust growth in both the Cognac and Liqueurs & Spirits divisions, particularly driven by markets in China and the United States. The company has upgraded its full-year guidance, emphasizing confidence in continued strong organic growth.

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Rémy Cointreau S.A. has secured an €80 million loan from Crédit Agricole d’Ile-de-France. This 7-year loan carries a fixed interest rate of 0.60% and aims to optimize the company’s financial structure while extending its debt maturity. This move reflects Rémy Cointreau's financial strength, as rated Baa3 by Moody's, and is expected to enhance its balance sheet and provide flexibility for long-term growth strategies. The Group continues to focus on its ambition to lead the market in exceptional spirits.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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Rhea-AI Summary

Rémy Cointreau has reaffirmed its dedication to sustainability by joining the Science-Based Targets initiative and launching the project #APlanetOfException. The group aims to cut carbon emissions by 50% across its value chain by 2030 and achieve net zero emissions by 2050. In partnership with South Pole, it will contribute annually to climate projects in the US and China, promoting renewable energy and forest restoration. This initiative aligns with the group's long-term strategy for environmental responsibility, emphasizing profitability alongside a reduced carbon footprint.

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Rhea-AI Sentiment
End-of-Day
1.33%
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Rhea-AI Summary

Rémy Cointreau reported exceptional sales of €645.3 million for the first half of fiscal year 2021-22, marking a 52.0% organic growth. The growth was driven by strong demand in China and the U.S., with Cognac sales soaring by 55.2%. The Liqueurs & Spirits division also performed well, increasing by 46.9%. The Americas region saw a remarkable 60.2% growth, while APAC and EMEA regions posted 49.3% and 33.5% growth, respectively. The company anticipates continued strong growth in the second half, despite potential currency and scope-related impacts.

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Rhea-AI Sentiment
End-of-Day
2.43%
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FAQ

What is the current stock price of REMY COINTREAU UNSP/ADR (REMYY)?

The current stock price of REMY COINTREAU UNSP/ADR (REMYY) is $9.51 as of April 16, 2024.

What is the market cap of REMY COINTREAU UNSP/ADR (REMYY)?

The market cap of REMY COINTREAU UNSP/ADR (REMYY) is approximately 5.0B.
REMY COINTREAU UNSP/ADR

OTC:REMYY

REMYY Rankings

REMYY Stock Data

5.03B
518.50M
0%
Beverages - Wineries & Distilleries
Consumer Defensive
Link
United States of America
Cognac