DVDCF Stock Recent News

CNBC's Joe Kernen reports on the latest news.

The US market presents significant growth opportunities for Aperol and Espolon Tequila. Campari has quantified the gross tariff impact on Mexican imports to be €50 million in an annualised fiscal year related to 2025. The company has the potential to emerge stronger from a weak industry backdrop. We remain buyers.

Campari's FY2024 report shows positive market reaction, driven by strong brand performance and strategic focus on efficiency and cost control under new CEO Simon Hunt. Despite challenges, Campari's Aperol and Espolòn brands exhibit robust growth, with Aperol's global expansion potential and Espolòn's rising U.S. market share. Tariffs pose a potential €100 million impact, but mitigation strategies and strong brand performance are expected to offset this burden.

Davide Campari-Milano N.V. (OTCPK:DVDCF) Q4 2024 Earnings Conference Call March 4, 2025 12:15 PM ET Company Participants Paolo Marchesini - Chief Financial Officer & Chief Operating Officer Simon Hunt - Chief Executive Officer Conference Call Participants Andrea Pistacchi - Bank of America Edward Mundy - Jefferies Chris Pitcher - Redburn Atlantic Sanjeet Aujla - UBS Simon Hales - Citi Trevor Stirling - Bernstein Alessandro Tortora - Mediobanca Paola Carboni - EQUITA SIM Operator Good evening.

Jonny Forsyth, senior director of food & drink at Mintel, weighs in on Diageo's earnings and the potential impact of U.S. tariffs on the drinks industry.

Campari's valuation has dropped significantly, now trading at a P/E of 17.35x, below the MSCI World Consumer Staples index, making it an attractive buy. New CEO Simon Hunt's experience and internal reorganization are expected to drive growth and improve agility. No additional M&A is expected in the near term. Margin expansion is anticipated due to lower agave prices, FX tailwinds, and SG&A savings, supporting long-term profitability.

Campari faces temporary setbacks due to adverse weather and commercial disputes, but its core brands like Aperol and Espolòn show strong performance and growth potential. Despite a halved share price, Campari's long-term outlook remains positive, with management expecting mid- to high-single-digit growth as market conditions normalize. The U.S. market, crucial for Campari, sees steady growth in Aperol and Espolòn, offsetting weaker performances from other brands like SKYY.

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.