Campari 9-Month Earnings Top Expectations; Sees Momentum for Q4

Dienstag, 26.10.2021 11:10 von PLX

• (PLX AI) – 9-month revenue EUR 1,575.7 million vs. estimate EUR 1,551 million
• • 9-month adjusted EBIT EUR 359.8 million vs. estimate EUR 356 million
• • The positive trends from earlier in the year have continued into the key summer season, thanks to a recovery in the on-premise combined with sustained home consumption trends, CEO says
• • Regarding the outlook for the rest of the year, we expect the positive brand momentum and favourable sales mix to continue in the last quarter, CEO says
• • Partially offset the intensifying input cost pressure, particularly logistics costs, accelerated brand building investments, as well as structure costs phasing