BIT:CPRBeverage
Campari (BIT:CPR) Margin Miss Undercuts Bull Case as €185.7m One-Off Loss Weighs on Results
Davide Campari-Milano (BIT:CPR) reported a net profit margin of 6.1%, a notable drop from 11.2% the previous year, which points to a clear decline in profitability. A one-off loss of €185.7 million worsened annual results and overshadowed the company’s five-year earnings growth trend of 1.2% per year. Negative earnings growth in the last year makes direct comparisons to the longer-term average less meaningful. With market expectations now focused on forecasted annual earnings growth of 11.8%,...