INTEGRATED ANNUAL REPORT 2020/2021

1. Strategic presentation of the group

LIQUEURS & SPIRITS KEY FIGURES

In 2020/2021, the Liqueurs & Spirits division accounted for 24% of the Group’s total net sales. The Americas (50%) and Europe/Middle-East/Africa (38%) are the top contributing regions in the division. Although smaller (12%), Asia-Pacific represents a significant development opportunity for the division in the coming years.

Net sales (in €m) and breakdown 
by geographic area (in %)
2020 11.8% 45.4% 42.9% €261.9m 2021 12.0% 50.0% 38.0% €248.3m
Current operating profit (in €m) 
and current operating margin (in %)
2020 14.3% €37.5m 2021 13.3% €33.0m
Partner Brands

In 2020/2021, Partner Brands accounted for 3% of the Group’s total net sales.

This category includes brands belonging to other operators in the Wines & Spirits sector. These are distributed by Rémy Cointreau under global agreements or agreements limited to a particular country or region.

Following the non-renewal of many distribution agreements in recent years (as part of the Group’s move upmarket), the brands still distributed (as of 31 March 2021) are Passoã liqueur and certain spirits of the William Grant & Sons Group.