Tag Archives: Global Priority brands

Campari half-year results boosted by global priorities, positive exchange rate

Gruppo Campari, the Italian spirits group hailed its first-half results as sales grew 13.5% to €844.7m, helped by strong growth of high-margin global priorities and regional priority brands.

The maker of SKYY vodka and Wild Turkey bourbon said that it also benefitted from a positive exchange rate effect of 1.8% as many currencies it trades in increased in valuation. The company adds that the consolidation of the Grand Marnier acquisition in July 2016 helped boost sales as well as the termination of some distribution agreements and sale of non-core businesses.

Gruppo-Campari boosts sales despite profit decline

Gruppo-Campari on Tuesday reported a 3.1% revenue boost to €1.2bn ($1.3bn) for the 9-months to September 2016, driven by sales acceleration of global and regional priority brands in key high-margin developed markets, such as North America and Western Europe.

The company said that the organic performance of its operating margin was helped by investments in marketing and the strengthening of its distribution capabilities, particularly in the US. It noted that the company also began to benefit from the positive contribution of Grand Marnier business (€43.8m to group sales), which was acquired in the period under review, plus the termination of some distribution agreements and sale of non-core businesses.

Currency headwinds and non-core asset disposals weigh on Gruppo Campari’s half-year results

Gruppo Campari said on Tuesday that the combined effect of currency headwinds, termination of distribution agreements and sale of non-core businesses led to decline in sales and profit in the first-half of 2016.

The maker of SkYY vodka, Aperol and Cynar among others reported 1.8% decline in revenue in the six-months ended June 30 to €743.9m, down from €757.9m in the same period last year.

The spirits maker said that group net profit fell 13.8% to €67.2m, down from €77.9m made in the preceding year.