Shares in Remy Cointreau SA mislaid belligerent Thursday after a French distiller warned expansion would delayed in a second half of a year opposite worse comparison bases.
At 0830 GMT, shares traded 4.2% reduce during EUR156.30.
that creates Remy Martin cognac and Cointreau orange liqueur, corroborated a full-year superintendence for clever organic growth, yet pronounced a second half of a mercantile year, that runs to Mar 31, would see some normalization after a integrate of well-developed years reaping postpandemic demand.
Some selling spend in China will be weighted to a second half given stability pestilence restrictions in a initial partial of a mercantile year, Remy said.
Earnings in 1H liqueurs and spirits were duration next accord amid a step-up in selling and communication spend in a division, analysts during Jefferies remarkable following a print, yet they argued that accord offers a pillow for any second-half slowdown.
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