Spirited First Half Performance by Campari
Benefiting from good consumption momentum across key brand and markets, the consolidation of its Wild Turkey acquisition and an easy comparison base versus last year’s first half, which was hit by the credit crunch and destocking activities, Italian drinks group Campari has increased net profit by 15.2% to Eur69.3m on sales up by 16.7% to Eur515.7m for the first half of 2010.
EBITDA reached Eur127.0m, an increase of 18.1%. Sales of spirits accounted for 76.9% of total turnover, up from 72.3% in the first half 2009.
“Our performance in the first half of 2010 was very positive with significant growth across all key indicators,” says Bob Kunze-Concewitz, chief executive of Campari. “Whilst volatility might impact trading across coming quarters, we remain reasonably optimistic about our full year prospects.”
