Davide Campari-Milano NV (OTCPK:DVCMY)
$ 10.51 0 (0%) Market Cap: 12.63 Bil Enterprise Value: 14.39 Bil PE Ratio: 45.90 PB Ratio: 3.66 GF Score: 90/100
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Q3 2020 Davide Campari Milano NV Earnings Call Transcript

Oct 27, 2020 / 12:00PM GMT
Release Date Price: $11.23
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Campari Group's Nine Months 2020 Results Presentation. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, Group Chief Executive Officer of Campari. Thank you. Please go ahead, sir.

Robert Kunze;Concewitz
Davide Campari-Milano N.V. - MD, CEO & Executive Director

Thank you. Good afternoon, and a warm welcome to all to our Q3 call. As you can see, our overall performance in Q3 improved markedly, boosted by the impact both of staycation as well as a continued good trading in the off-premise.

Moving on to Page #4. I'll cover the highlights. Overall, I would like to underline the fact that our underlying brand health is confirmed in all of our core markets and we've had a temporary on-premise recovery in a continued challenging environment.

Net sales on a 9-month basis showed a marked improvement, down only 2.8%, driven by a very positive Q3, up by 12.9%. Whilst the ongoing

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