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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Q3 2022 Davide Campari Milano NV Earnings Call Transcript

Oct 27, 2022 / 11:00AM GMT
Release Date Price: $8.6
Operator

Good afternoon, this is the Chorus Call conference operator. Welcome, and thank you for joining the Campari Group 9 months 2022 results. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, CEO of the Campari Group.

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

Good morning to all. I hope you appreciate the visual of the Aperol glasses bringing some sunshine in a rainy environment. Having enjoyed that, if you follow me on Page 2, I'll pick up with the highlights as usual.

As you can see, we continued in Q3 with a very, very strong performance. Clearly, we have a very robust brand momentum and the pricing effect started to kick in. Net sales at EUR 2.5 billion, almost EUR 2.6 billion, clearly generate strong organic growth of 19% in 9 months, or actually plus 47% if we compare ourselves to the pre-pandemic era, the first 9 months of 2019. So we've almost grown the company by half. The strong growth continued in Q3, where we grew by 18

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