Campari Reports Slowdown In Q4 Sales Growth

By Dayeeta Das
Share this article
Campari Reports Slowdown In Q4 Sales Growth

On Tuesday, Italy's Campari reported a slowdown in fourth-quarter sales, sending shares in the drinks-maker down more than 5%.

Sales rose by 2.1% on an organic basis in the October-December quarter, slowing from 6.6% growth in the first nine months of the year.

Organic sales strip out currency swings and any purchase or sale of assets.

Adjusted operating profit (EBIT) slipped by 0.4%, to €379 million, equivalent to 22.1% of sales – a slightly higher margin than in 2017.

"Unfortunately, today's in-line results may not translate into further upgrades to consensus, which could weigh on shares short term, given the strong run in the past 12 months," said Berenberg analyst Gonzalez Javier Lastra.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.