Campari : H1 result better than expected, Aperol still buoyant
>H1 figures above the consensus expectations - The group reported H1 sales of € 778m (€ 769m for the consensus), reflecting organic sales growth of 5.4% (versus +5% for the consensus). EBIT reached € 160.5m above expectations (€156.1m est.) with organic growth of +9.5% and a margin expansion of 80bp l-f-l. Net profit increased by 11.6% in adjusted terms to € 104.4m. Gross profit and adjusted EBIT growth (+7.5% and 9.5% respectively) were completely offset by an advers...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.