The appointment with the financial accounts is approaching for Campari and will be released on Wednesday 23 February. According to Mediobanca Securities estimates, the big Italian beverage company is expected to close the fourth quarter of 2021 with revenues of 611 million euros, with growth of around 25% on an annual basis, mainly driven by organic growth of 26% on annual basis compared to an easy basis for comparison with the fourth quarter of 2020.
Geographically, experts predict that Europe will lead organic growth in the final quarter, with the Americas up in double digits. Pre one-off Ebit is expected to reach 105 million, with an adjusted EBIT margin of 17.1% from 15% in Q4 2020 and from 22.3% in Q4 2019. Compared to pre-pandemic profitability, the Mediobanca’s projections reflect the growing pressure on the gross margin from rising commodity prices.
“Beyond the quarterly results, we expect investors’ attention to be on comments on the outlook for fiscal year 2022, in particular on the expected evolution of margin trends and the ability of the group to pass on the price increases of the raw materials to customers “, underline from Mediobanca which confirms the ‘neutral’ rating on Campari, with a target price of 11.8 euros per share.