Campari : Good H1 results. More cautious forecast for the EBIT margin trend
>Robust organic Q2 sales growth of 6.9% vs 4.5% for the consensus - Q2 sales came in at € 478.1m, up 8.1% including a forex effect of 2.1%. Organic growth was 6.9%, well ahead of consensus expectations (+4.5%). The Americas zone (44% of sales), southern Europe and MENA (28% of sales) came in well above forecasts with organic growth of, respectively, 6.9% and 8.6%. As was the case in Q1, sales in the US grew by close to 11%%, driven by the performance of the tequila b...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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