Q3 2021 Remy Cointreau SA Corporate Sales Call Transcript
Good day, and welcome to the Rémy Cointreau Conference Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Mr. Luca Marotta, the Chief Financial Officer. Please go ahead, sir.
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Good morning, everyone. Thank you for your participation to the Rémy Cointreau conference call for its 9 months' sales 2021 covering, so the period from April to December 2020.
This morning, we have 4 key messages to highlight. The first one is that the global context in which we operate has continued to be impacted by the COVID-19 pandemic in the last 3 months. The shortfall in duty-free sales is showing a little improvement as tourism remains muted, given the international borders are still largely closed.
The on-trade channel continues to be strongly affected by the closure of restaurants, bars and clubs, in particular, in Europe, where the channels suffered from renewed stopping of lockdowns as well as in many markets of Southeast Asia
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