Remy Cointreau (XPAR:RCO)
€ 85.5 0.3 (0.35%) Market Cap: 4.36 Bil Enterprise Value: 4.95 Bil PE Ratio: 23.75 PB Ratio: 2.45 GF Score: 85/100
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Q1 2022 Remy Cointreau SA Corporate Sales Call Transcript

Jul 20, 2021 / 07:00AM GMT
Release Date Price: €177.1 (-0.73%)
Operator

Hello, and welcome to the 2021 to 2022 Q1 sales publication. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions)

I will now hand you over to your host, Luca Marotta, CFO, to begin today's call. Thank you.

Luca Marotta;my Cointreau SA;CFO
RÃ

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Good morning, everyone. Thank you for being here with us this morning. As you have seen in the press release, the Q1 sales showed a strong start to the year at 105% growth compared to last year on an organic basis. In addition, this performance implies that sales were up plus 36.5% compared to Q1 '19/'20. To put it another way, we are well above the pre-pandemic levels. This performance reflects, first of all, a broad-based growth with all regions, all brands contributing to this growth. While the U.S. continued to enjoy what we call the new paradigm, Greater China confirmed the recovery seen in H2 '20/'21 and Europe as well is gradually emerging from the sanitary crisis.

From a channel point of view, the group relied on the sharp on

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