FOREWORD

The year 2018/2019, which is dedicated to the theme of Time in this integrated annual report, has been rewarded with record results. The Group Brands are verging on double-digit growth with nearly all of them contributing to this success. The proper synchronisation between the “long cycle”, specific to our exceptional distiller professions, and the “short cycle”, which must be mastered to adapt to market forces, has demonstrated its relevance.

Respect for the long cycle and respect for the environment go hand-in-hand. This year was marked by the ramping up of our Corporate Social Responsibility (CSR) policy, in order to ensure the sustainability of our terroirs and savoir-faire. Reducing the use of phytosanitary products, reducing water use, lowering the carbon footprint and making progress in the area of eco-design are all priorities to perpetuate the excellence of all our Houses.