Remy Cointreau Sa Ord (REMYF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for being with us this morning for Rémi Cointreau's full year results. I am here with Eric Valla, our CEO, and Luca Marotta, our CFO. Both of them will, of course, take you through the detailed results. As we present today our full year results, I would like to open with a few words of perspective. The past year has been marked by a complex and rapidly evolving environment, macroeconomic volatility, geopolitical tensions and temporary shifting consumer behaviour, all of which are more cyclical than structural and closely tied to a context of constrained spending. Yet, in the face of these headwinds, we remained true to our long-term vision, building exceptional brands, preserving our unique terroirs, and enhancing the desirability of our portfolio. But let us not forget, cognac has always evolved in long cycles. This is neither the first time nor the last. All the historic cognac families will tell you how it is important to stay the course during more difficult times. It is an essential condition for creating value over time. At Rémi Cointreau, we remain fully confident in the strength and relevance of our long-term strategy. Drink less but better is not a reaction, it is a conviction. Moderation is a structural trend, not a new one, and our value-driven model is built to embrace it. At Rémy Cointreau, we do not chase volume at any cost. This has been our stance for many decades and is one of Rémy Martin's greatest strengths. It is also what enables Louis XIII to stand the test of time, crossing centuries without losing its essence. We are tackling this challenging period with determination while also taking time for introspection. Both are essential. confronting the crisis, and at the same time, reflecting on how we can improve...