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 2022 Remy Cointreau SA Earnings Call Transcript

Nov 25, 2021 / 08:00AM GMT

Release Date Price: €93.57

Transcript

Unidentified Company Representative

Good morning, everyone, and thank you for being with us this morning for RÃ©my Cointreau half year results. I hope that you are all safe and healthy. I'm here with Ãric Vallat, CEO; and Luca Marotta, CFO.

Today, we will present RÃ©my Cointreau H1 result, and we are proud of what was achieved by the teams across the world. So first, let me start by thanking all of them for their efforts, commitment and achievement in this context.

H1 has been a half year packed with initiative, both in terms of business and sustainability topics. I will not come back on all these events, but I would like to comment just a few of them. First, the share buyback program that we announced last June to ensure that the group keeps an attractive level in terms of shareholder returns and because we think that the level of valuation remains attractive.

Second, the recent announcement of an EUR 80 million loan. It bears interest and a fixed rate of 0.6% per annum and offers a maturity of 7 years. In keeping with the group's desire to back its long-dated assets with appropriate

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