Gruppo Campari posts 8.1% sales growth in first nine months
ESM - Nov 14th 2017, 14:56
Italian drinks manufacturer Gruppo Campari has posted revenue growth of 8.1% in the first three quarters of the year, with sales reaching €1,275.8 million.
The company, which produces brands such as Aperol, Campari, Wild Turkey and Grand Marnier, says that this was driven by strong organic growth of high-margin global priorities (+7.4%) and regional priorities (+13.5%).
Adjusted EBITDA rose by 9.8%, to €299.3 million, while adjusted group pre-tax profit increased to €224.6 million.
"We delivered very good results in the first nine months of 2017, delivering sustained growth, both in organic and reported terms, across all performance indicators," said Bob Kunze-Concewitz, CEO of Gruppo Campari.
During the year to date, Campari divested a number of its assets, including the sale of Lemonsoda to Royal Unibrew, as well as Carolans and Irish Mist to Heaven Hill Brands.
The group says that it expects financial indebtedness to decline by the end of 2017, reflecting the sale of its non-core business and real-estate assets, alongside healthy cash flow generated by its brands.
"Looking at the remainder of the year, our outlook remains fairly balanced and unchanged," added Kunze-Concewitz.
"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 in key developed markets."Content ©2017 European Supermarket Magazine
Rum making a comeback after 500 years
06/12/2018 - 08:43
Rum has come a long way over the last 500 years. For centuries, rum has had a bad rep and has long been branded the juvenile delinquent of spirits. Now, growing in popularity it is fast showing its appeal to sippers world-wide and has found a new home in South Africa.
Online wine marketplace Port2Port rated SA’s best
26/11/2018 - 11:41
Port2Port.wine, an online wine marketplace based in South Africa, has been awarded the Best Overall Wine List Award in Wine Searcher’s Retailer Awards for the second consecutive year.
SA loses R6-billion + in revenue to illicit alcohol trade
15/11/2018 - 14:03
The South African economy suffered a fiscal loss of R6.4-billion (USD$492-million) in 2017 due to illicit alcohol activities, which generates an annual revenue of R12.9bn and goes unregulated.
Campari toasts fashionable Aperol's success
07/11/2018 - 11:04
Drinkers’ growing taste for Aperol, the bright orange aperitif, helped to boost sales growth at parent Campari in the third quarter, which covers the peak summer period in some of the company’s main markets.
AB InBev watching the legal marijuana market closely
01/11/2018 - 10:04
The world’s biggest brewer, Anheuser-Busch InBev (AB InBev), says it is keeping a close eye on the burgeoning cannabis market as some of its peers forge ties with marijuana companies.