Q4 2022 Remy Cointreau SA Corporate Sales Call Transcript
Hello, and welcome to the Rémy Cointreau Full Year Sales Publication. My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions) I will now hand over to your host, Luca Marotta, CFO, to begin today's call. Thank you.
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Good morning, everyone. Thank you for being here with us this morning. I think that as you have seen in the press release, we generated an outstanding growth of 27.3% in organic terms this year, representing an increase of plus 29.4% versus 2 years ago, 2020. This performance reflects a significant mix price improvement, plus 9.2; as well as an exceptional volume growth of 18.2.
As expected and mentioned several times, sales were down at 9.4 in Q4. which represents a growth of plus 4.2 if we compare the Q4 to the '19-'20 period. In fact, the quarter has been impacted by the strategic inventory management on Cognac, (inaudible) and on the whiskey portfolio, as well and the negative calendar effect of guidance expected of EUR 6 million
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