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Compagnia dei Caraibi S.p.A. ( (IT:TIME) ) just unveiled an announcement.
Compagnia dei Caraibi announced a revenue growth range of 6.2% to 8.1% for the year ending December 31, 2024, achieving consolidated revenues between €56.1 million and €57.1 million. This growth is notable given the broader market contraction in consumption, highlighting the company’s dynamic business model. The company plans to focus on refocusing its distribution business while expanding its spirits product portfolio by attracting exclusive distribution brands and accelerating the growth of owned brands.
More about Compagnia dei Caraibi S.p.A.
Compagnia dei Caraibi S.p.A., founded in 2008 in Vidracco, Italy, is a leading company specializing in the importation, development, brand building, and distribution of premium and over-premium spirits, wines, soft drinks, and Italian craft beers. Listed on the stock exchange since July 2021, the company operates in 34 countries, with a direct presence in Italy, Spain, and the United States. It has a catalog of over 1200 references and focuses on both B2B and B2C distribution models, including a project named Dispensa aimed at the final consumer. Compagnia dei Caraibi is a Società Benefit with a commitment to ESG principles and has obtained B Corp® certification.
YTD Price Performance: -63.70%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.23M
For a thorough assessment of TIME stock, go to TipRanks’ Stock Analysis page.