Remy Cointreau (XPAR:RCO)
€ 85.5 0.3 (0.35%) Market Cap: 4.36 Bil Enterprise Value: 4.95 Bil PE Ratio: 24.17 PB Ratio: 2.50 GF Score: 89/100
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Q2 2021 Remy Cointreau SA Corporate Sales Call Transcript

Oct 20, 2020 / 07:00AM GMT
Release Date Price: €153.7 (-2.29%)
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

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Good morning, everyone, and thank you for your participation to the Rémy 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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