Davide Campari-Milano NV (OTCPK:DVCMY)
$ 6.01 -0.04 (-0.66%) Market Cap: 7.23 Bil Enterprise Value: 9.57 Bil PE Ratio: 33.01 PB Ratio: 1.80 GF Score: 80/100
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Q1 2021 Davide Campari Milano NV Earnings Call Transcript

May 04, 2021 / 11:00AM GMT
Release Date Price: $11.51
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Campari Group First Quarter 2021 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, CEO of Campari. Please go ahead, sir.

Robert Kunze;Concewitz
Davide Campari-Milano N.V. - Executive MD, CEO & Executive Director

Thank you. Good afternoon, and welcome, everybody, to our Q1 call. If you have the presentation in front of you, I'd ask you to join me on Page #4, where I'll kick off with the general overview.

As the numbers speak for themselves, we had a pretty decent start to the year, pretty good momentum, driven by home consumption, and all this despite the third wave of lockdowns.

Looking at net sales on an organic basis, they were up 17.9%. Obviously, Q1 is a small quarter. And the underlying momentum in our core off-premise markets was amplified to a certain extent by an easy comparison base versus Q1 2020, where you will recall we were down

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