Remy Cointreau (WBO:RCO)

€ 59.3 0.75 (1.28%) Market Cap: 3.08 Bil Enterprise Value: 3.72 Bil PE Ratio: 18.29 PB Ratio: 1.59 GF Score: 59/100

Q2 2021 Remy Cointreau SA Corporate Sales Call Transcript

Oct 20, 2020 / 07:00AM GMT

Release Date Price: €154.1 (-2.96%)

Transcript

Operator

Good day, and welcome to the First Half Sales 2020-2021 Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Luca Marotta. Please go ahead, sir.

Luca Marotta;my Cointreau SA;CFO

RÃ

©-

Good morning, everyone, and thank you for your participation to the RÃ©my Cointreau conference call for its first half sales 2021 covering the period from April to September 2020. This morning, we have 4 key messages to highlight to you. The first one, our performance.

Our performance continued to be impacted by the COVID-19 pandemic in the first half of the year. While most markets were no longer under lockdown in our fiscal Q2, the on-trade channel, so bar and clubs remain closed in most markets. We also continued to face spirits sales restriction in some market and continued to suffer from a collapse in duty-free sales, given that the international borders remain largely closed.

Main exception has been, clearly, China Mainland, where we have seen a normalization of

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