Campari : 2018 earnings impacted by a disappointing Q4
>Caution maintained on the stock - The rebound in the markets in LatAm might impact growth in the group's margins in 2019. The group's guidance was for a 60bp increase in the gross margin. In fact, it achieved 120bp. On the one hand, certain brands and markets commanding high margins performed better than expected. But on the other, part of the increase in the gross margin was achieved on the back of the decline in Brazil and Argentina, which had a negative impact o...Davide Campari-Milano is engaged in manufacturing spirits industry with an extensive product portfolio in three business lines: spirits, which includes internationally brands such as Appleton, Campari, Carolans, SKYY vodka and Wild Turkey, as well as brand in local markets including Aperol, Cabo Wabo, Cynar, Frangelico, GlenGrant, Ouzo 12, X-Rated Fusion Liqueur, Zedda Piras, and Brazilian brands Dreher, among others; wines, which main regional brands are Liebfraumilch, Mondoro, Odessa, Riccadonna, Sella&Mosca and Teruzzi&Puthod; and soft drinks, which covers the extended ranges of Crodino and Lemonsoda. Co. operates in 190 countries with registred positions in Europe and the Americas.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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