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CPR Davide Campari Milano NV News Story

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Brief: Campari 9M Adjusted EBIT EUR 517 Mln, +1.4% Y/Y On Organic Basis

Oct 29 (Reuters) - Davide Campari Milano NV CPRI.MI:

9M ADJUSTED EBIT EUR 517 MILLION, +1.4% YEAR/YEAR ON ORGANIC BASIS

9M ADJUSTED GROUP PROFIT BEFORE TAXATION EUR 399 MILLION

9M ADJUSTED EBITDA EUR 629 MILLION, +4.8% YEAR/YEAR ON ORGANIC BASIS

SEES NOW IMPACT AROUND EUR 15 MILLION FROM TARIFFS

9M NET SALES EUR 2.28 BILLION, +1.5% YEAR/YEAR ON ORGANIC BASIS

CONFIRMS MEDIUM-TERM GUIDANCE

FOR 2025, CONTINUES TO FORECAST MODERATE ORGANIC NET SALES GROWTH

EXPECTED REDUCTION IN STRUCTURAL COSTS IN ABSOLUTE VALUE IN Q4

SEES FX IMPACT ON EBIT MARGIN TO BE LIMITED

EBIT MARGIN INCREASE TO BE MAINLY DRIVEN BY COST CONTAINMENT INITIATIVES, EXPECTED TO GENERATE OVERALL ORGANIC BENEFIT OF 200 BASIS POINTS ON THE RATIO BETWEEN OVERHEAD COSTS AND NET SALES OVER THREE YEARS

GROUP CONTINUES TO EXPECT A FLATTISH ORGANIC TREND BUT NOW WITH THE U.S. TARIFFS IMPACT ABSORBED THIS YEAR

Further company coverage: CPRI.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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