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    CPR   NL0015435975

DAVIDE CAMPARI-MILANO N.V.

(CPR)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 09/16 11:35:30 am
11.895 EUR   +1.23%
09/13DAVIDE CAMPARI MILANO N : Notification of share buyback
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09/06DAVIDE CAMPARI MILANO N : Notification of share buyback
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08/31EXCLUSIVE : Campari says imitation is flattery as Aperol faces challengers
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Davide Campari Milano N : LVMH's MoŽt Hennessy teams up with Campari in wines, spirits e-commerce venture

07/12/2021 | 03:30pm EDT
FILE PHOTO: A glass of rare Cognac is displayed at the Hennessy factory in Cognac, France

MILAN (Reuters) - LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in the sector.

In a statement on Monday, the two groups said Campari would transfer its stake in online wines and spirits company Tannico into a newly set up joint venture.

The deal, subject to regulatory clearance, envisages the sale of half the JV's equity capital by Campari to Moët Hennessy for 25.6 million euros ($30 million) in cash, they said.

"While e-commerce was already a growing channel for wines and spirits, the global pandemic has triggered a significant acceleration," Moët Hennessy CEO Philippe Schaus said.

The new venture will be headed by current Tannico CEO Marco Magnocavallo who will remain a key minority shareholder in the business.

Tannico, whose business is 90% B2C, also owns a majority stake in Ventealapropriete.com, an e-commerce platform selling premium wines and spirits in France.

Tannico and Ventealapropriete.com generated pro-forma combined sales of more than 70 million euros last year.

($1 = 0.8434 euros)

(Reporting by Stephen Jewkes; Editing by Sandra Maler)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DAVIDE CAMPARI-MILANO N.V. 1.23% 11.895 Delayed Quote.25.80%
LVMH MOËT HENNESSY LOUIS VUITTON SE 1.09% 628 Real-time Quote.21.59%
All news about DAVIDE CAMPARI-MILANO N.V.
09/13DAVIDE CAMPARI MILANO N : Notification of share buyback
PU
09/06DAVIDE CAMPARI MILANO N : Notification of share buyback
PU
08/31EXCLUSIVE : Campari says imitation is flattery as Aperol faces challengers
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08/31DAVIDE CAMPARI MILANO N : Campari says imitation is flattery as Aperol faces cha..
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08/30DAVIDE CAMPARI MILANO N : Notification of share buyback
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08/23DAVIDE CAMPARI MILANO N : Notification of share buyback
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08/16DAVIDE CAMPARI MILANO N : Notification of share buyback
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08/02DAVIDE CAMPARI MILANO N : Notification of share buyback
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Financials
Sales 2021 2 102 M 2 470 M 2 470 M
Net income 2021 306 M 360 M 360 M
Net Debt 2021 983 M 1 156 M 1 156 M
P/E ratio 2021 44,3x
Yield 2021 0,61%
Capitalization 13 383 M 15 745 M 15 733 M
EV / Sales 2021 6,84x
EV / Sales 2022 6,29x
Nbr of Employees 4 000
Free-Float 27,4%
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Technical analysis trends DAVIDE CAMPARI-MILANO N.V.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 11,90 €
Average target price 11,73 €
Spread / Average Target -1,35%
EPS Revisions
Managers and Directors
Robert Kunze-Concewitz Chief Executive Officer & Executive Director
Paolo Rinaldo Marchesini Chief Financial Officer & Executive Director
Luca Garavoglia Chairman
Christopher Woods Head-Information Technology
Annalisa Loustau Elia Independent Non-Executive Director