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;))