Remy Cointreau (LTS:0MGU)

€ 59.625 0.35 (0.59%) Market Cap: 3.06 Bil Enterprise Value: 3.71 Bil PE Ratio: 18.29 PB Ratio: 1.59 GF Score: 66/100

Q4 2021 Remy Cointreau SA Corporate Sales Call Transcript

Apr 23, 2021 / 07:00AM GMT

Release Date Price: €93.57

Transcript

Operator

Hello, and welcome to the RÃ©my Cointreau Full Year Sales 2020 and '21 Call. My name is Molly, and I'll be your coordinator for today's event. (Operator Instructions)

I would now like to hand the call over to your host, Luca Marotta, CFO, to begin. Thank you.

Luca Marotta;my Cointreau SA;CFO

RÃ

©-

Good morning, everyone. Thank you for your participation to the RÃ©my Cointreau conference call for its full year sales 2021 covering the period from April 2020 to March 2021.

This morning, we have 4 messages to highlight. The first one, we have to say a word on the global context in which we operate in during the fiscal year. Nothing very new there, but it's hard to present our figures without reminding everyone what the COVID-19 pandemic meant for us over the past 12 months.

First, overall, it translated into a shortfall in our duty-free sales, which accounted for around 10% of our total sales pre-COVID, along with the international airline traffic. Second, the on-trade channels, which accounted for about

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