Gruppo Campari Posts 7% Growth For First Half Of 2017
Italian drinks manufacturer Gruppo Campari has posted a 6.8% growth in organic sales to €844.7 million for the first half of the year, ending 30 June 2017.
The company says that this increase was driven by strong sales growth in the Americas (+7.6%) and north, central and eastern Europe (+13.8%). In particular, Aperol continued to outperform other drinks brands (+22%), driven by the sustained growth in the spirit's core markets, Italy and Germany.
EDITDA reached €186.8 million during this period, while adjusted group net profit rose by 21.1% to €93.5 million.
"We delivered very good results in the first half of 2017, delivering sustained growth, both in organic and reported terms, across all performance indicators," said Gruppo Campari CEO Bob Kunze-Concewitz.
In terms of strategy, Campari is continuing to streamline its non-core assets. In July, the company signed an agreement for the sale of the Grand Marnier headquarters building in Paris for €35.3 million.
Last month it also sold its Carolans Irish Cream and Irish Mist Whiskey brands, along with the Château de Sancerre wine business.
"Looking into the second half of the year, our outlook remains fairly balanced and unchanged," added Kunze-Concewitz. "Macroeconomic environments in some emerging markets remain uncertain whilst the political uncertainty persisting in some regions might continue fuelling the volatility of major currencies against the Euro."
"Nevertheless, we remain confident in achieving a positive performance across key indicators for the year, driven by the outperformance of the high-margin global and regional priorities."
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.