About this report
The additional financial information for the nine months ended September 30, 2021 has been prepared using the same recognition and measurement criteria as those used for the preparation of the Group’s annual consolidated financial statements as at December 31, 2020, to which reference is made. . This document has not been audited. The additional financial information describes the significant events that occurred during and after the closing, the Group’s commercial performance, broken down by region and by brand, the Group’s pre-tax income and its consolidated net financial debt.
The additional financial information of the Campari Group contains forward-looking statements which reflect the current vision of the management for the future development of the Group. All statements other than statements of historical fact set forth in this supplemental financial information regarding the business strategy of the Campari Group, such as future operations and activities, management plans and objectives, are forward-looking statements. In some cases, words such as ‘may’, ‘will’, ‘expect’, ‘might’, ‘should’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘prospect’, ‘continue’, ‘stay’, ‘on track’, ‘design’, ‘target’, ‘goal’, ‘goal’, ‘plan’ and similar expressions are used to identify forward-looking statements that contain risks and uncertainties which are beyond the control of the Group and require significant judgment. If the underlying assumptions turn out to be incorrect or if the risks or opportunities described materialize, actual results and developments may differ materially (negatively or positively) from those expressed by these statements. The outlook is based on estimates that Campari Group made on the basis of all the information available at the time of the preparation of this additional financial information.
The actual impact of Covid-19 and its associated operating environment may be significantly different from management expectations.
Campari Group assumes no obligation or liability for any inaccuracies in any forward-looking statements made in this supplemental financial information or for any use by a third party of such forward-looking statements.
Information on the figures presented
All references in this additional financial information are expressed in ‘Euro’ or ‘€’.
For greater convenience, all figures in this additional financial information are expressed in millions of euros with one decimal place, while the original data is recorded and consolidated by the Group in euros. Likewise, all percentages relating to variations between two periods or to percentages of net sales or other indicators are always calculated using the original data in euros. The use of values expressed in millions of euros may therefore lead to apparent discrepancies both in the absolute values and in the data expressed as a percentage.
For more information on the definition of alternative performance measures used, see the paragraph “Definitions and reconciliation of alternative performance measures (APM or non-GAAP measures) with GAAP measures” in the dedicated paragraph of this additional financial information.
The language of this additional financial information is English. Certain legislative references and technical terms have been cited in their original language so that the correct technical meaning can be given to them under applicable law.
– Relazione finanziaria annuale al 31 December 2019