Davide Campari-Milano N.V. (0ROY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, this is the Coruscall conference operator. Welcome and thank you for joining the Campari Group first quarter 2025 results conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Simon Hunt, CEO, and Mr. Paolo Marchesini, CFO of Campari. Please go ahead. Great. Thank you very much. Good evening. Good afternoon to everyone. Thank you for joining us on this call, my second one. where we're going to review our Q1 results and give our perspectives on the remainder of the year. As always, Paolo is here with me and our IR team, Chiara and Gulce, are happy to connect after the call to further deep dive with all of you in the upcoming days as necessary. So now a short summary of how we see the environment and our positioning. It's been quite an exciting 10 weeks since our last call. And to summarize our performance, I can say that we continue to record our performance in sellout across most geographies with a strong bounce back in april in markets impacted by easter timing as expected this clearly shows the strength of our brands even in challenging times on the financial performance recognizing in our smallest and lowest seasonality quarter apart from the flagged easter timing impact we also had three things first the additional negative impact of the macroeconomic volatility that affected ordering patterns. Second, some logistic delays on some of our March shipments, of which several shipments went out in early April. And finally, the phasing of investment as previously guided on bo...