Remy Cointreau Sa Ord (REMYF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Remy Contreau 2025-2026 Fourth Quarter Sales Presentation. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on the telephone keypad. Now I will hand the conference over to Luca Murata, Deputy CEO and CFO. Please, sir, go ahead. Good morning, everyone, and thank you for joining us today. As highlighted in our press release, Q4 sales grew by 8.9% organically speaking, including 4 points of Chinese New Year calendar effects. This performance reflects a strong growth of cognac, plus 15.5%, including 7 points of Chinese New Year calendar effects, positively. mainly driven by China, which benefited from a favorable base of comparison, including the end of the disruption in the Chinese duty-free. As a reminder, it was clearly present the previous year in Q4. And, clearly, another positive element, which is the good resilience during the Chinese New Year. In parallel, America recorded a moderate decline due to high comps in the U.S. and some phasing effects specifically in Canada. Second important point to highlight and to explain this plus 8.9 Q4 performance, stable performance in liposensory division, minus 0.1%, which reflects a solid momentum in the US and China, but more contrasted performance in EMEA on the back of phasing effect. Q4 sales decline increase breaks down as follows. Volume decrease of 2.4% and plus 11.3% of price mix effects. Largely driven by mix on the back of strong auto performance of cognac versus glycosine spirits. This performance brings annual growth to plus 0.2% in line with guidance. and represent plus 1% growth, excluding the duty-free impact in China at yearly level. This was a broad pic...