Daily Archives: November 9, 2016

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.