Luca Marotta, CFO

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April 29, 2022

FY ORGANIC* SALES GROWTH

+27.3% +29.4% vs. 2Y

FY ORGANIC* SALES GROWTH BY REGIONFY VALUE DEPLETIONSFY GUIDANCE CONFIRMED

(*) At constant currency & scope

  • o Outstanding annual performance driven by significant mix price (+9.2%) and exceptional volume growth (+18.2%)

  • o As expected, Q4 sales down -9.4%* (i.e. up +4.2% vs. 2Y), impacted by strategic inventory management and unfavorable calendar effects linked to CNY (c.-3.0 pts at the Group level, i.e. -€6.0m)

  • o Robust consumer trends in Americas and EMEA ; activity temporary affected in China by lockdowns

  • o AMERICAS were up +30.0%, boosted by new consumption paradigm in the US; +54.2% vs. 2Y

  • o APAC: +25.8% (+19.8% vs. 2Y), driven by outstanding performance of CLUB, Louis XIII and XO ; strong expansion of whiskies

  • o EMEA was up +22.4% led by remarkable growth of Cointreau and whiskies ; almost back to pre-covid level (-3.5% vs. 2Y)

  • o Very strong double-digit growth in China and EMEA

  • o The US were up +MSD% (strong DD% excl. VSOP) on top of significant comps. (> +50% LY) which translates in c.+60% of value growth on 2Y basis (o/w c.+15.0 pts of mix-price effects)

  • o Current Operating Profit: very strong organic growth

  • o Organic improvement of Current Operating Margin

MSD%: Mid-single-digit growth; DD%: Double-digit growth

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Rémy Cointreau SA published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 05:41:04 UTC.