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Introducing the RARE division , a new dedicated approach to establish Campari Group as a top purveyor of luxury offerings in the US and key global markets FIRST QUARTER 2021 - RESULTS HIGHLIGHTS ● CAMPARI GROUP Strong double - digit growth across all performance indicators in a low seasonality quarter , amplified by an easy comparison base and an early Easter effect Good brand momentum in the off - premise channel , driven by sustained home consumption trends ● Growth driven by off - premise skewed markets led by North America and Northern Europe , and emerging markets , with recovery in Jamaica , Brazil and Argentina , offsetting weakness in on - premise as well as the Global Travel Retail channel , which continued to be negatively impacted by the lock - downs . Reported net sales of € 397.9 million , + 17.9 % organic growth ( + 10.5 % on a reported basis ) , or + 12.1 % vs. the first quarter of 2019 . EBIT adjusted of € 68.5 million , + 63.6 % organic change , +520 basis points accretion ( or + 6.7 % , -90 bps margin dilution vs. the first quarter of 2019 ) , largely due to an easy comparison base . Group profit before taxation adjusted of € 64.1 million , up + 84.7 % . Group profit before taxation of € 64.8 million , up + 112.1 % after total positive adjustments of € 0.7 million . Net financial debt of € 1,067.9 million as of March 31st , 2021 , down € 35.8 million vs. € 1,103.8 million as of December 31st , 2020 , mainly driven by the positive free cash flow generated by the business . Milan , May 4th , 2021 - The Board of Directors of Davide Campari - Milano N.V. ( Reuters CPRI.MI - Bloomberg CPR IM ) approved the additional financial information at March 31st , 2021 . Bob Kunze - Concewitz , Chief Executive Officer : ' Overall we had a very solid and satisfactory start to the year with good brand momentum , driven by sustained home consumption . Nevertheless , the performance in this low seasonality quarter was amplified also by easy comparison base as well as early Easter effect . Looking at the remainder of the year , in addition to a marginally worsening exchange rates outlook¹ , volatility and uncertainty remain due to the ongoing restrictions and the timing of the vaccine roll out in the European Union , affecting the on - premise channel as well as Global Travel Retail . Concomitantly , the positive brand momentum is expected to continue , fuelled by sustained marketing investments , expected to accelerate towards the peak aperitif seasons , a gradual reopening of the on - premise channel as well as e - commerce momentum . With the aim of engaging the high - end trade and consumers in the super premium and above spirits market , we are pleased to introduce the RARE division , a new dedicated approach to establish Campari Group as a top purveyor of luxury offerings in the US and key global markets . " . 1 Guidance provided to the market upon FY 2020 results announcement on February 18th , 2021 : FX and perimeter negative effects on EBIT adjusted in 2021 of € ( 13 ) million ( based on an expected average rate of EUR / USD of 1.21 in FY 2021 ) and approx . € ( 9 ) million respectively . Page 1 of 8 TOASTING LIFE TOGETHER