Based on all of this, our full year guidance is confirmed despite the current quite volatile macroenvironment. Now if we exclude the estimated temporary effects, net sales organic growth in the quarter would be approximately 13%, whilst adjusted EBIT organic growth will be in line with net sales, leading to flat EBIT adjusted organic margin. Pricing effects as well as operating leverage on fixed costs, which more than offset the cost inflation. Obviously, the aperitifs make a difference. We also have margin expansion of 220 basis points on an organic basis, driven by a very positive sales mix. Moving on to adjusted EBIT growth, up 32% on an organic basis. We’re benefiting also from the full effect of the previous year’s multiple price increase rounds and are also favored by some temporary effects, including some shipment phasing and the early Easter calendar. And clearly, we have very solid brand momentum in a resilient consumer environment, particularly in the on-premise where we are overweight, as you know. With our organic sales performance continued to be strong, up 19.6% here are the key drivers are our core aperitif, tequila and bourbon. It still gives us quite a bit of satisfaction to have started with a bang.

Whilst Q1, as you know, it’s quite a small quarter for us. I’ll kick off with the general overview on Page number 2. Thank you, and a very warm welcome to all to our call. Bob Kunze-Concewitz, CEO of the Campari Group. Īt this time, I would like to turn the conference over to Mr. After the presentation, there will be an opportunity to ask questions.

As a reminder, all participants are in listen-only mode. Welcome, and thank you for joining the Campari First Quarter 2023 Analyst Results Conference Call. This is the Chorus Call conference operator. Paolo Marchesini – Chief Financial Officer

( OTCPK:DVDCF) Q1 2023 Earnings Conference Call 7:00 AM ETīob Kunze-Concewitz – Chief Executive Officer

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