Campari : Guidance for 2020 abandoned (unsurprisingly) but dividend maintained
>Approval of the proposed dividend in February - On Friday (via a conference call) Campari held an AGM and EGM. The EGM approved the relocation of the registered office from Italy to the Netherlands. Note that this change of legal status (announced at the time of the full-year results publication) has no operational or tax implications but goes alongside the increase in the system of multiplying voting rights granted to shares owned for a certain amount of time....Davide Campari-Milano is engaged in manufacturing spirits industry with an extensive product portfolio in three business lines: spirits, which includes internationally brands such as Appleton, Campari, Carolans, SKYY vodka and Wild Turkey, as well as brand in local markets including Aperol, Cabo Wabo, Cynar, Frangelico, GlenGrant, Ouzo 12, X-Rated Fusion Liqueur, Zedda Piras, and Brazilian brands Dreher, among others; wines, which main regional brands are Liebfraumilch, Mondoro, Odessa, Riccadonna, Sella&Mosca and Teruzzi&Puthod; and soft drinks, which covers the extended ranges of Crodino and Lemonsoda. Co. operates in 190 countries with registred positions in Europe and the Americas.
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