Campari : Q1 2020: sharp drop in EBIT driven by Italy, but sales hold up thanks to off-trade channels
>Q1 2020 results - Campari reported its Q1 2020 results yesterday. Revenue came in at € 360.2m, down 2.7% as reported and 5.3% organically. In organic terms, the drop is attributable to the 23% drop in sales in the SEMEA division (Southern Europe, Middle East and Africa), with Italy in particular down 24.4% in Q1. For the other regions, organic sales performances in Q1 are as follows: -0.9% for Americas driven by Latam, whereas the US was up 1.1%, +6.6% for NCEE (Nort...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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