DVDCF Stock Recent News

Davide Campari-Milano N.V. (OTCPK:DVDCF) Q1 2025 Earnings Conference Call May 8, 2025 ET Company Participants Simon Hunt - Chief Executive Officer Paolo Marchesini - Executive MD, Chief Financial & Operating Officer and Executive Director Conference Call Participants Andrea Pistacchi - Bank of America Sanjeet Aujla - UBS Mitch Collett - Deutsche Bank Simon Hales - Citi Richard Withagen - Kepler Cheuvreux Trevor Stirling - Bernstein Chris Pitcher - Redburn Atlantic Edward Mundy - Jefferies Operator Good evening.

Davide Campari's Q1 2025 results showed a 4.20% decline in net sales, exacerbated by non-recurring factors like an unfavorable calendar and US logistics delays. Management paused M&A activities to focus on deleveraging and optimizing core brands, aiming to save 200 basis points on revenues by 2027. Aperol and Campari struggled to grow, raising doubts about long-term growth despite their strong competitive advantage in the aperitif segment.

Davide Campari-Milano reported first-quarter sales that missed analysts' expectations at a rocky time for the beverage industry given global trade tensions and falling demand after a spike in alcohol consumption during the pandemic.

Richard Chamberlain, head of European consumer discretionary equity research at RBC, weighs in on the impact of tariffs on the retail sector.

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.