Davide Campari-Milano NV (FRA:58H)
€ 5.544 -0.02 (-0.36%) Market Cap: 6.83 Bil Enterprise Value: 9.04 Bil PE Ratio: 33.01 PB Ratio: 1.80 GF Score: 79/100

Q1 2024 Davide Campari Milano NV Earnings Call Transcript

May 07, 2024 / 11:00AM GMT
Release Date Price: €9.99 (+4.94%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining in the presentation of Campari's First Quarter 2024 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Matteo Fantacchiotti, CEO of Campari. Please go ahead, sir.

Matteo Fantacchiotti
Davide Campari-Milano N.V. - Group Deputy CEO

Thank you very much, and good morning, afternoon and evening, everyone, and thank you very much for joining us. Very pleased to lead this first 2024 performance update and first quarter results presentation together with Paolo, of course, and the Investor Relations team right here in the room with us.

So going straight into it. Organic sales were up plus 0.2% with solid underlying trends against a tough comparison base. due to temporary phasing effect in Q1 2023 from trade forward buying ahead of price increases. As a reminder, we grew Q1 2023 around plus 20%. So overall, we observed continued strength in operatives led by Compari Aperol, despite the challenging

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot