FDBusiness.com

Campari Reports Solid Organic Growth

 Breaking News
  • Solid Revenue Growth at Froneri as Significant Investment Programme Continues Froneri, the international ice-cream manufacturer, has reported solid group revenue growth of 3.6% to €2.6 billion for year ended 31 December 2018. Created in 2016 as a joint-venture between PAI Partners and Nestlé, Froneri is the second largest manufacturer of ice cream in Europe, the third largest worldwide and the number one private label producer [...]...
  • Where the Food and Beverage World Tastes Success – Fi Europe & Ni Returns to Paris This year, Food ingredients Europe & Natural ingredients will once again be the food industry’s epicentre over the course of three days. The Parc des Expositions Paris Nord Villepinte will become the number 1 platform where leading ingredient manufacturers establish numerous high-quality business connections. Trade visitors can expect a broad spectrum of products, concepts and [...]...
  • A Gut Feeling About Body Fat Research shows that loss of body fat causes the growth of the intestine and increases its capacity to absorb nutrients. This presents new approaches for weight management. Researchers at Teagasc (Irish Agriculture and Food Development Authority) and the University of Aberdeen have found that the depletion of fat stores inside the body causes the growth of [...]...
  • First Milk Acquires Fonterra’s 51% Stake in Fast Forward Joint Venture First Milk, a wholly British farmer-owned dairy co-operative, has agreed to purchase Fonterra’s 51% share of its Fast Forward joint venture, established in 2011, and has entered a new strategic partnership with Havero Hoogwegt for global WPC80 sales and distribution. From July 2019, First Milk will be the sole owner of the whey protein concentrate [...]...
  • Leaders in Luxury Packaging Join London’s Most Exclusive Packaging Event Luxury Packaging London 2019 will celebrate its 10th anniversary when it returns to Olympia on 11 & 12 September, hosted alongside Packaging Innovations. As the UK’s leading luxury packaging event, it will bring together over 180 exhibitors and a dedicated audience of senior buyers, all looking to source the latest in luxury packaging solutions. With consumer concerns [...]...

Campari Reports Solid Organic Growth

Campari Reports Solid Organic Growth
August 07
12:09 2018

Campari, the Italian drinks group, has reported solid organic growth across net sales and all profit indicators in the first half of 2018. Sales at €778.2 million showed organic growth of 5.4%. However, on a reported basis, sales fell by 4.7% after the exchange rate and perimeter effects.

A favourable sales mix was driven by the Aperol, Campari, Wild Turkey and Grand Marnier brands as well as Espolòn. All geographical regions contributed to organic growth, with the US, Western Europe and Australian markets outperforming.

Bob Kunze-Concewitz, chief executive of Gruppo Campari.

Campari achieved adjusted EBIT of €160.5 million, reflecting organic growth of 9.5% – clearly ahead of organic sales growth, resulting in an organic margin accretion of 80 basis points, as higher advertising and promotion investments were more than offset by the solid gross margin expansion. Group net profit was up 35.5% to €147.2 million and on an adjusted basis rose by 11.6% to €104.4 million.

Bob Kunze-Concewitz, chief executive of Campari, comments: “In the first half 2018 we achieved a solid organic growth, reflecting an accelerated top line growth in the second quarter, broadly recovering the first quarter phasing issues, as well as a normalisation of trends across profit indicators. The favourable sales mix continued to benefit from the outperformance of the key high-margin combinations of global and regional brands, driving organic growth across profit indicators and margin expansion. Concomitantly, on a reported basis, the overall growth rates were impacted by the adverse forex effect as well as the divestments of non-core businesses. Looking into the second half of the year, our outlook remains broadly balanced in terms of risks and opportunities. We remain confident in achieving a positive performance across key underlying business indicators, driven by the continued positive development of the key high-margin combinations by brand and market.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements