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    CPR   NL0015435975

DAVIDE CAMPARI-MILANO N.V.

(CPR)
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Delayed Borsa Italiana  -  11:35:51 2023-02-06 am EST
10.27 EUR   +0.79%
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01/31Milan best in Europe, UniCredit good after accounts
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Campari, LVMH's MoŰt Hennessy buy 100% of Tannico

12/01/2022 | 01:37pm EST
A glass of rare Cognac is displayed at the Hennessy factory in Cognac, France

Italian drinks group Campari clinched an initial deal in 2020 to buy 49% of Tannico to give a push to its e-commerce business amid the COVID-19 outbreak.

(Reuters) - LVMH's Moët Hennessy and Italy's Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and plan to expand it further, the two companies said in a statement on Thursday.

Campari and Moet Hennessy then created a joint venture in July last year to invest in wines and spirits e-commerce companies.

"With this operation, we confirm our commitment to making Tannico the leading European platform in the sale of wines and premium spirits," said Bob Kunze-Concewitz, CEO of Campari.

Thierry Bertrand-Souleau will become CEO of Tannico from January, the companies added. He is currently a general manager for French beautycare group Sephora.

Marco Magnocavallo, the founder and current CEO of Tannico, will become honorary president.

(Reporting by Federica Urso, editing by Keith Weir)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DAVIDE CAMPARI-MILANO N.V. 0.79% 10.27 Delayed Quote.7.44%
LVMH MOËT HENNESSY LOUIS VUITTON SE -1.83% 814.2 Real-time Quote.21.99%
All news about DAVIDE CAMPARI-MILANO N.V.
01/31Mib does best of all; UniCredit leads after accounts
AN
01/31Mib flexes after Italy GDP and unemployment data
AN
01/31Milan best in Europe, UniCredit good after accounts
AN
01/30Campari bought back own shares for more than EUR5 million
AN
01/23Milan black jersey, oil prices weigh.
AN
01/23Europeans mixed; Juventus at the bottom on the Mid
AN
01/20Campari purchased more than 8,200 shares of its own common stock
AN
01/09Campari takes over own shares for about EUR2 million
AN
01/02Campari takes over own shares for more than EUR2 million
AN
2022Campari takes over own shares for more than EUR5 million
AN
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Financials
Sales 2022 2 687 M 2 885 M 2 885 M
Net income 2022 376 M 404 M 404 M
Net Debt 2022 1 066 M 1 145 M 1 145 M
P/E ratio 2022 31,3x
Yield 2022 0,67%
Capitalization 11 496 M 12 343 M 12 343 M
EV / Sales 2022 4,67x
EV / Sales 2023 4,28x
Nbr of Employees 4 000
Free-Float 27,2%
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Technical analysis trends DAVIDE CAMPARI-MILANO N.V.
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 10,27 €
Average target price 11,36 €
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
Robert Kunze-Concewitz Group Marketing Director
Paolo Rinaldo Marchesini Group Chief Financial Officer
Luca Garavoglia Chairman
Christopher Woods Head-Information Technology
Annalisa Loustau Elia Independent Non-Executive Director