Remy Cointreau (WBO:RCO)
€ 55.85 -0.35 (-0.62%) Market Cap: 2.88 Bil Enterprise Value: 3.52 Bil PE Ratio: 15.01 PB Ratio: 1.50 GF Score: 59/100

Q4 2019 Remy Cointreau SA Corporate Sales Call Transcript

Apr 24, 2019 / 07:00AM GMT
Operator

Good day, and welcome to the full year sales 2018/2019 conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Luca Marotta, Chief Financial Officer. Please go ahead, sir.

Luca Marotta;my Cointreau SA;CFO
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Good morning, everyone. Thank you for your participation in the Rémy Cointreau Conference Call for the Full Year Sales '18/'19 covering the period from April in 2018 to March 2019.

Four key messages to highlight today. First one, the group enjoyed very robust growth in '18/'19 with 7.8% organic sales growth led by group's own brands, which were up 9.8%. Very important to note this 9.8% growth rate was composed of low single-digit volume growth and high single-digit price/mix, reflecting the benefits of the Group's Brand elevation strategy. Q4 showed sustained dynamics in organic growth, up 7% despite the adverse effect of the early timing of the Chinese New Year 2019. This performance was driven by strong growth in the Americas and in EMEA, which ended

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