Report
Arnaud Autier ...
  • Pierre Tegner

Campari : Premature departure of CEO raises questions. A standout team for its M&A experience

>Underperform rating maintained with a target adjusted to € 6.5 vs € 7.0 before - We maintain our Underperform rating on Campari. The group’s performances are normalising in EMEA (a little under 50% of total revenues) and in the US (a little less than 30%), implying potential consensus downgrades. Moreover, the CEO departure announced yesterday morning raises the issue of potential differences of opinion on the group’s capacity to continue acquisitions while also addr...
Underlying
Davide Campari-Milano N.V.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Arnaud Autier

Pierre Tegner

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