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 2023 Davide Campari Milano NV Earnings Call Transcript

May 02, 2023 / 11:00AM GMT
Release Date Price: $13
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Campari First Quarter 2023 Analyst Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Bob Konsevich, CEO of the Campari Group. Please go ahead, sir.

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

Thank you, and a very warm welcome to all to our call. I'll kick off with the general overview on Page #2. Whilst Q1, as you know, it's quite a small quarter for us. It still gives us quite a bit of satisfaction to have started with a bang. With our organic sales performance continued to be strong, up 19.6% here are the key drivers are our core aperitif, tequila and bourbon. And clearly, we have very solid brand momentum in a resilient consumer environment, particularly in the on-premise where we are overweight, as you know. We're benefiting also from the full effect of the previous year's multiple price increase rounds and are also favored by some

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