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

Nick Strangeway

Hacha leads by example

Back in 2002 celebrity chef Jamie Oliver launched Fifteen, a restaurant made up of a team of trainee chefs from underprivileged backgrounds.

Instagram

Facebook