Campari Q1 Adj Group Profit Before Taxation Up To EUR 147.3 Mln
May 7 (Reuters) -Davide Campari Milano NV CPRI.MI:
Q1 NET SALES EUR 663.5 MILLION VERSUS EUR 667.9 MILLION YEAR AGO
Q1 ADJUSTED EBIT EUR 151.5 MILLION VERSUS EUR 159.3 MILLION YEAR AGO
Q1 NET SALES EUR 663.5 MILLION, +0.2% YEAR/YEAR ON ORGANIC BASIS
Q1 ADJUSTED GROUP PROFIT BEFORE TAXATION EUR 147.3 MILLION VERSUS EUR 139.2 MILLION YEAR AGO
IN MEDIUM-TERM, REMAINS CONFIDENT IN CONTINUED HEALTHY BRAND MOMENTUM IN KEY BRAND-MARKET COMBINATIONS AS WELL AS INDUSTRY OUTPERFORMANCE
Q1 ADJUSTED EBIT -2.3% YEAR/YEAR ON ORGANIC BASIS
NET FINANCIAL DEBT OF EUR 1.32 BILLION AS OF MARCH 31, 2024
SHARES ARE UP 4.4% FOLLOWING Q1 RESULTS
SEES IN MEDIUM-TERM CONSISTENT OPERATING MARGIN EXPANSION DRIVEN BY SALES MIX, PRICING, INPUT COST INFLATION EASING, OPERATIONAL EFFICIENCIES
Further company coverage: CPRI.MI
(Gdansk Newsroom)
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