Q3 2020 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's Nine Months 2020 Results Presentation. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, Group Chief Executive Officer of Campari. Thank you. Please go ahead, sir.
Thank you. Good afternoon, and a warm welcome to all to our Q3 call. As you can see, our overall performance in Q3 improved markedly, boosted by the impact both of staycation as well as a continued good trading in the off-premise.
Moving on to Page #4. I'll cover the highlights. Overall, I would like to underline the fact that our underlying brand health is confirmed in all of our core markets and we've had a temporary on-premise recovery in a continued challenging environment.
Net sales on a 9-month basis showed a marked improvement, down only 2.8%, driven by a very positive Q3, up by 12.9%. Whilst the ongoing
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