Davide Campari-Milano NV (OTCPK:DVDCF)
$ 5.93 0 (0%) Market Cap: 7.26 Bil Enterprise Value: 9.58 Bil PE Ratio: 33.08 PB Ratio: 1.80 GF Score: 80/100
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Q2 2022 Davide Campari Milano NV Earnings Call Transcript

Jul 27, 2022 / 11:00AM GMT
Release Date Price: $10.95 (-0.45%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Campari First Half 2022 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 everyone and welcome to our half year call and another strong set of results. If you follow me to Page # 2 our presentation, I'd like to kick off with the overview. Indeed the first half year was quite strong. Net sales that's EUR 1.257 billion grew by 19.2% on a half year basis and importantly if we stack that up versus the pre-pandemic era, it's an increase of 45%. Clearly we had strong momentum also in Q2 where we grew by 12.5% in this despite a very tough comp base, you recall that we were up by 54% in the same period last year.

And also we need to take into account the favorable reversal of the Q1 2022 effects.

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