DVDCF Stock Recent News

Davide Campari: Glass Is Still Half Empty

Davide Campari-Milano N.V. (OTCPK:DVDCF) Q3 2024 Earnings Conference Call October 29, 2024 1:30 PM ET Company Participants Paolo Marchesini - Chief Financial Officer, Chief Operating Officer and Interim Co-CEO Chiara Garavini - Group Investor Relations Conference Call Participants Andrea Pistacchi - Bank of America Sanjeet Aujla - UBS Simon Hales - Citi Chris Picher - Redburn Trevor Stirling - Bernstein Isacco Brambilla - Mediobanca Jeremy Fialko - HSBC Francesco Brilli - Intermonte Paola Carboni - EQUITA SIM Operator Good evening.

Davide Campari-Milano N.V. (OTCPK:DVDCF) Q1 2024 Results Conference Call May 7, 2024 7:00 AM ET Company Participants Matteo Fantacchiotti - CEO Paolo Marchesini - CFO Conference Call Participants Andrea Pistacchi - Bank of America Simon Hales - Citi Sanjeet Aujla - UBS Edward Mundy - Jefferies Celine Pannuti - JPMorgan Chris Pitcher - Redburn Atlantic Alessandro Tortora - Mediobanca Trevor Stirling - Bernstein Richard Withagen - Kepler Cheuvreux Paola Carboni - Equita SIM Operator Good afternoon.

Campari has a strong brand portfolio with premium drinks, appealing to the upper middle class and is therefore less sensitive to recessions. The company has little exposure to Asia, leaving room for future growth in this massive untapped market. Campari has achieved impressive organic growth, with a +40% increase in 2022 compared to pre-pandemic levels, and long-term growth prospects look promising.

Campari Group saw impressive organic revenue growth in Q1, with a strong performance in the US market. The company reiterates guidance for a flat organic EBIT margin in the current year, but there may be downside risks to consider. Campari's focus on M&A is expected to intensify; however, we should consider higher interest rates.

Kunze-Concewitz, CEO of Campari Group, says its brands are "on fire" and spirits are an affordable luxury.