Q1 2022 Davide Campari Milano NV Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Campari Group First Quarter 2022 Results. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, CEO of the Campari Group. Please go ahead, sir.
Thank you very much. Good afternoon, and a very warm welcome to our Q1 call. If you join me on Page #2, I'll kick it off with the highlights. As you see throughout the presentation, we've had quite a strong start to fiscal year 2022, albeit in a small quarter. As you know, Q1 is our smallest quarter of the year, and this strong performance is thanks to both the positive underlying momentum of our brands across markets as well as some phasing effects due to advance shipments ahead of price increases as well as a IT platform change, which occurred at the beginning of this month. Clearly, in certain cases, as in Italy, a favorable comp rate also helped.
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