RÉMY COINTREAU 2022-23 FY Sales
L u c a M a r o t t a , C F O
A p r i l 2 8 , 2 0 2 3
FY 22-23 ORGANIC* SALES GROWTH
+10.1%
+43.6% vs. 3Y
FY 22-23 ORGANIC
SALES GROWTH
BY REGION
FY 22-23
VALUE DEPLETIONS
BY REGION
FY 22-23
GUIDANCE
CONFIRMED
- Strong annual performance (+10.1%), representing +43.6% organic sales growth vs. FY 2019-20
- Sales up +10.2% in Q4 reflecting successful value strategy (Price-Mix: +7.6%); Volume up +2.6%
- -1.5pts of calendar effect linked to CNY in Q4 2023-24 (i.e, around -€3m)
- Sharp normalization of consumption in the US
- Meaningful rebound in China and Travel Retail (approx. +45% vs. Q4 19-20)
- AMERICAS: +2.5% with Q4 down MSD% affected by normalization in US (+58.4% vs. FY 19-20)
- APAC: +22.7% with Q4 up very strong DD% led by China & Travel Retail recovery (+49.1% vs. FY 19-20)
- EMEA: +11.0% with Q4 showing solid resilience (up strong DD%) led by all sub-regions except Eastern Europe (+8.8% vs. FY 19-20)
- US: mid-teens decline YoY (i.e. up LSD% excl. VSOP); approx. +30% vs. 2019-20 (i.e. approx. +60% excl. VSOP)
- China: mid-teens growth YoY, led by CLUB and whiskies; up mid-teens in Q4 (o/w > +700% in March)
- EMEA: high single-digit growth YoY, led by all sub-regions excluding Eastern Europe
- Strong organic COP growth
- Leading to an organic COP margin improvement
(*) All references to organic growth in this presentation correspond to sales growth at constant exchange rates and scope | 2 |
MSD: Mid-single digit / DD: double-digit / LSD: low-single digit |
SUPER BOWL
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Source EDO - Entertainment Data Oracle / Marketing Influential
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Off-trade activations | On-trade activations following CNY | Strong push on e-commerce to leverage |
Limited Edition for CNY | ||
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Rémy Cointreau SA published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 05:36:02 UTC.
