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

Q3 2022 Remy Cointreau SA Corporate Sales Call Transcript

Jan 25, 2022 / 08:00AM GMT
Release Date Price: €188 (-2.03%)
Operator

Hello, and welcome to the Rémy Cointreau 9-Month Sales Publication. My name is Josh and I'll be your coordinator for today's event. Please note that this conference is being recorded. (Operator Instructions) I'll now hand you over to your host, Luca Marotta, CFO, to begin today's conference. Thank you.

Luca Marotta;my Cointreau SA;CFO

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Good morning, everyone. Thank you for being here with us this morning. And as you have seen in the press release, Q3 sales showed a continued strong momentum, above our expectations at plus 21% versus last year on an organic basis, including around 2 points of extra growth linked to the Chinese New Year calendar, i.e., in absolute value of EUR 6 million. This performance implies a meaningful sales growth acceleration on a 2-year basis from plus 26.9% in the H1 versus 2 years ago, to 52.1% in Q3 versus 2 years ago. Overall, 9 months year-to-date sales recorded an outstanding growth of 38.1% versus last year, i.e., 35.7% to be compared to 2 years ago. This performance reflects a lasting high

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