Tag Archives: Gruppo Campari

Campari starts year with double-digit growth

Italian spirits group Gruppo Campari reported 15% revenue growth in the first quarter of 2017 (Jan – Mar) to €376.6m ($409.8m). The group attributed its good performance to strong organic growth of its global priority and regional priority brands, a positive exchange rate effect and a perimeter effect, driven by the Grand Marnier acquisition in July 2016, which contributed €32.5m to group sales. The gains from the Grand Marnier sales partially offset declines from termination of some distribution agreements and sale of non-core businesses.

Group Pre-tax profit rose 56.7% to €53.6m in the period.

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.

Spirit companies launch new Alcohol information Partnership (AIP)

The world’s biggest spirit companies this week gathered in London to help launch The Alcohol Information Partnership (AIP), whose aim is to ensure the debate around alcohol and its misuse remains balanced.

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.

Currency weaknesses take shine off Gruppo Campari’s first quarter 2016 revenue

Gruppo Campari, the Italian spirits maker, which operates in Nigeria through Brian Munro Limited, reported flat sales of €327.4m in the first quarter of 2016, although, excluding the effects of currency movements, organic growth would have been 7.2%