0920 GMT - Remy Cointreau's third quarter is expected to be the weakest of its fiscal year to March 2025, hit by destocking and market uncertainty, AlphaValue analyst Filippo Ercole Piva writes in a note. The French distiller has expressed an optimistic long-term outlook, stating that performance in the Americas and the Asia-Pacific regions should reach their lowest point in 3Q, the analyst says. From 4Q onward, the company forecasts a positive shift in trends. "We remain cautious as we await further information that could support the potential recovery currently underway," he adds. Shares are up 1.9% at 59.15 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
January 08, 2025 04:20 ET (09:20 GMT)
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