Q1 2025 Davide Campari Milano NV Earnings Call Transcript
Key Points
- Davide Campari-Milano NV (DVDCF) recorded significant double-digit growth in more than 10 less developed markets globally, showcasing the potential for geographic expansion.
- The company is on track with its cost containment program, expecting benefits to start in the second half of the year.
- Aperol and Espolon showed strong performance in the US, with growth rates of 12% and 14% respectively.
- The company is maintaining a disciplined approach to pricing, which is crucial in the current uncertain market environment.
- Davide Campari-Milano NV (DVDCF) has completed staffing for its House of Brands structure, which is expected to enhance operational efficiency and brand management.
- The company reported a negative 4.2% organic net sales growth in Q1, impacted by Easter timing and logistic delays.
- EBITDA adjusted in value declined by 17.2% organically, with a margin dilution of 310 basis points.
- The macroeconomic volatility and logistic delays have affected ordering patterns, particularly in the US.
- The company faces potential negative impacts from tariffs, estimated at around €25 million on EBIT for 2025.
- The weakening of the US dollar may pose additional negative impacts for the remainder of the year.
Good evening. This is the Chorus call conference operator. Welcome and thank you for joining the Campari Group first quarter 2025 results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Simon Hunt, CEO, and Mr. Paolo Marchesini, CFOOO. Campari, please go ahead.
Great, thank you very much. Good evening, good afternoon to everyone. Thank you for joining us, on this call. My second one, where we're going to review our Q1 results and give our perspectives on the remainder of the year. As always, Paolo is here with me and our IR team Kara and Gulse are happy to connect after the call to further deep dive with all of you in the upcoming days as necessary.
So now a short summary of how we see the environment and our positioning. It's been quite an exciting 10 weeks since our last call. And to summarize our performance, I can say that we continue to record our performance in sellout across most geographies with a strong bounce
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