Davide Campari-Milano NV (FRA:58H)
€ 5.564 0.004 (0.07%) Market Cap: 6.84 Bil Enterprise Value: 9.06 Bil PE Ratio: 33.08 PB Ratio: 1.80 GF Score: 79/100
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Q3 2023 Davide Campari Milano NV Earnings Call Transcript

Oct 26, 2023 / 11:00AM GMT
Release Date Price: €9.97 (-9.16%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Campari Group Results Presentation First 9 Months 2023 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 very much, and good afternoon, and welcome to all to our conference call. As is our usual practice, I'll kick off with Page 2 of our presentation with the overview. You can see from the overall results that we have continued strong momentum in the 9 months. And this is even confirmed after the expected normalization in Q3. Organic sales grew by 10.5% in the 9 months, and that reflects solid brand momentum, particularly from the aperitifs, tequila and bourbon as well as robust pricing across the portfolio. Focusing on Q3, though, organic growth stood only at 4.4%, reflecting the expected normalization. Also, as

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