ITALY: Gruppo Campari FY profits rise

By | 31 March 2010

Gruppo Campari expects brighter 2010

Gruppo Campari expects brighter 2010

Gruppo Campari plans to raise advertising and promotion spend in 2010 after reporting a rise in full-year profits.

Milan-based Campari said today (31 March) that advertising and promotion spend will "return back to a normalised trend" in 2010 to reflect increased confidence in key markets.

The group today reported net profits of EUR137m (US$185m) for the 12 months to the end of December, up 8% on EUR126m in 2008 - including a 2% gain from foreign exchange rates.
 
Wild Turkey Bourbon, acquired from Pernod Ricard last year, helped Campari's net sales to grow by 7% for the year, to EUR1bn.

However, like-for-like sales fell by 1% against 2008.

Gruppo Campari CEO Bob Kunze-Concewitz said: "In 2009 we achieved strong results. Looking forward to 2010 we are confident of the positive development of our business, despite a relatively volatile environment.

"In 2010 we will benefit from the full year effect of the consolidation of our acquisitions in our distribution network. With regards to our key brand and geography combinations, we expect a balanced situation in terms of trading risks and opportunities."

The group has proposed a full year dividend of EUR0.06 per share, up 9% on 2008.

EBITDA for 2009, prior to one-off charges and gains, reached EUR265m, reflecting 9% organic growth.

Sectors: Company results, Spirits, Wine

Companies: Campari, Gruppo Campari, Pernod, Ricard

There are currently no comments on this article

Be the first to comment on this article

Related articles

CANADA: Mosaiq updates Lemon Hart rum bottle

Mosaiq has lined up a packaging revamp for its recently-purchased Lemon Hart rum brand.

Comment - Spirits - Tullamore Dew: If You Build It...

Scanning some of the reaction to last week's news that William Grant & Sons is selling its recently-acquired Irish liqueur brands to Gruppo Campari, the first word that springs to mind is "blarney".

Research in Focus - Back to the Future - Reassessing Projections in a Tumultuous World

As the fiscal and social maelstrom of the Great Recession started showing signs of abating, projections in October 2009 for the alcoholic drinks industry were relatively positive as most leading economies returned to growth. Nevertheless, and while a relative resurgence was indeed witnessed in a number of markets and categories, financial clouds are still ominously dotting the horizon in the form of spiralling country deficits, plummeting consumer confidence and unemployment rates stubbornly stuck in the high single digits. Euromonitor International's latest global briefing 'Alcoholic Drinks: Changing Growth Scenarios and Corporate Responses' hence serves as a compass in the still troubled international operating landscape, pinpointing opportunities and pitfalls amidst the post-recessionary clutter. Spiros Malandrakis investigates.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page