Remy Cointreau (LTS:0MGU)

€ 63.425 0.65 (1.04%) Market Cap: 3.26 Bil Enterprise Value: 3.90 Bil PE Ratio: 19.87 PB Ratio: 1.73 GF Score: 63/100

Q1 2023 Remy Cointreau SA Corporate Sales Call Transcript

Jul 26, 2022 / 07:00AM GMT

Release Date Price: €180.1 (-1.88%)

Transcript

Operator

Welcome to Remy Cointreau 2022 to 2023 quarter one sales publication. (Operator Instructions). This call is being recorded. (Operator Instructions). Now I will turn the meeting over to your host Luca Marotta, CFO. You may now begin.

Luca Marotta

Remy Cointreau SA - CFO

Good morning, everyone. Thank you for being here with us this morning. As you've seen in the press release, we recorded a very good start to the year of plus 27% in organic terms in Q1, on top of a huge base of comps, plus 105%, last year in Q1. This performance reflects a very strong price/mix increase, plus 14.5% at group level, as well as a meaningful volume growth of plus 12.5%.

Throughout the quarter we enjoyed continued robust consumer trends in Americas and EMEA led by high-end segment. This positive trend has been amplified by some replenishment effects in the US. In parallel, the activity has been a temporarily affected in China by some strict lockdowns in April-May. However, sales rebounded sharply from June to very strong double-digit growth. By channel, off-trade was

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