Q1 2023 Remy Cointreau SA Corporate Sales Call Transcript
Welcome to Remy Cointreau 2022 to 2023 quarter one sales publication. (Operator Instructions). This call is being recorded. (Operator Instructions). Now I will turn the meeting over to your host Luca Marotta, CFO. You may now begin.
Good morning, everyone. Thank you for being here with us this morning. As you've seen in the press release, we recorded a very good start to the year of plus 27% in organic terms in Q1, on top of a huge base of comps, plus 105%, last year in Q1. This performance reflects a very strong price/mix increase, plus 14.5% at group level, as well as a meaningful volume growth of plus 12.5%.
Throughout the quarter we enjoyed continued robust consumer trends in Americas and EMEA led by high-end segment. This positive trend has been amplified by some replenishment effects in the US. In parallel, the activity has been a temporarily affected in China by some strict lockdowns in April-May. However, sales rebounded sharply from June to very strong double-digit growth. By channel, off-trade was
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