Remy Cointreau (LTS:0MGU)

€ 58.325 -0.675 (-1.14%) Market Cap: 3.00 Bil Enterprise Value: 3.65 Bil PE Ratio: 18.24 PB Ratio: 1.59 GF Score: 65/100

Half Year 2021 Remy Cointreau SA Earnings Call Transcript

Nov 26, 2020 / 08:00AM GMT

Release Date Price: €93.57

Transcript

Marc Heriard Dubreuil;my Cointreau SA;Chairman of the Board

RÃ

©-

Good morning to all of you. We are here to present our first half results for our fiscal year '20/'21. As usual, I'm going to make an introduction, then our Chief Executive Officer, Ãric Vallat, will make for you the business review of that first semester. And as usual, and as also for many times before, our Chief Financial Officer, Luca Marotta, will give you a detailed review of our financial results. Of course, after that, we will be ready to answer to your questions.

So you have already seen this morning our results. '19/'20 was a singular year. Remember that we were nearly all closed down with no operations, nearly no sales at the end of last fiscal year. So '19/'20 was quite singular. But '20/'21 started also on a very difficult position for us with COVID-19 taking its toll on traveling, gifting, gathering and celebrations, which are the key moments of our spirits. These are the times when people are delighted to drink one our fine spirits or are ready to buy -- were ready in the previous

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