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 2024 Remy Cointreau SA Earnings Call Transcript

Nov 30, 2023 / 08:00AM GMT

Release Date Price: €110.03 (+1.22%)

Transcript

Operator

I'll now hand you over to your host, Marie-Amelie De Leusse, Chairwoman, to begin today's conference. Thank you.

Marie;Amelie Jacquet De Leusse;my Cointreau SA;Chairman of the Board

RÃ

©-

Good morning, everyone, and thank you for being with us this morning for Remy Cointreau's first half results. I'm here with Eric Vallat, CEO; and Luca Marotta, CFO. Both of them will, of course, take you through the detailed results.

But before starting, I would like to take a step back to give you a wider view about the headwinds we and our industry are facing.

Despite such a context, our group remains confident in its long-term strategy while navigating the year as best as possible. That means, first, focusing on bringing our cognac stocks in the U.S. back to a healthier footing.

And second, absorbing the effects of the normalization to head into next fiscal year in the best possible conditions. We aim to be back on the trajectory we've set for '29-'30, as quickly as we can.

Beyond the

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