Campari full year results

10 March, 2015

Gruppo Campari has published its full year results for 2014 which it says is in line with its expectations.

It reports sales of €1.56 million (+2.4%, organic growth +3.4%) while its group net profit is down -13.9% due, it says, to negative one-off’s (€43.2m). It reports adjusted group net profit as €154.4m, down -0.7%.

It highlights:

- Solid full year organic sales growth, accelerating in fourth quarter;

- Continued strong momentum for aperitifs and good progression in Jamaican rum portfolio;

- Business expected to benefit from strengthened route-to-market, enhanced production capabilities as well as innovation.

Negatives included foreign exchange rates which impacted -4.1% in sales driven by a devaluation of key currencies against the Euro and the termination of agency contracts following the acquisitions of Forty Creek distillery and Gruppo Averna.

Keywords: spirits, campari




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook