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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Q4 2021 Davide Campari Milano NV Earnings Call Transcript

Feb 23, 2022 / 12:00PM GMT
Release Date Price: $10.85 (-11.43%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Campari Group results presentation full year ended 31st December 2021. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, CEO of the Campari Group. Please go ahead, sir.

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

Thank you, very much, and good afternoon, and welcome to our call, to all of you. If you follow me to Page #3, I'll kick off with the overall business performance.

As you can see, 2021 was strong overall performance with clear double-digit growth rates across all key financial indicators. Net sales crossed the EUR 2 billion mark. They came in at EUR 2,172.7 million representing a 25.6% organic growth rate. EBIT came in -- adjusted EBIT came in at EUR 435.2 million, which represents a growth of 42.3%. Now the double-digit organic sales growth was driven by continued strong and very healthy brand momentum with

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