Earlier this week, Gruppo Campari released its full-year results for 2016. The company saw its net profits dip by 5% on one-offs, although sales in the 12-month period rose by 4%. Here, just-drinks considers Campari's performance over the last five years.

Gruppo Campari's Full-Year Net Sales 2012-2016

Source: Company results

Campari's sales have grown strongly over the last five years. Yesterday's announcement of EUR1.73bn in full-year sales continues the upward trajectory. Between 2012 and 2016, the group has seen its top-line rise by almost a third - up 28.8% over the period.

Of course, acquisitions have played their part in Campari's performance, including Appleton Estate's Lascelles deMercado in 2012, Australia's Copack Beverage A Limited Partnership in 2013, Canadian whiskey producer Forty Creek and Italy's Averna Group a year later and Marnier-Lapostolle last year.

Looking forward, we can expect last month's purchase of the Bulldog London Dry Gin brand to contribute to the company's top-line in 2017 and beyond.

Gruppo Campari's Full-Year Net Sales by Region 2012-2016

Source: Company results

A word of warning, here: In 2015, the company restructured its reporting regions - a sign of Campari's previous over-reliance on its domestic market and its future expectations for Asia-Pacific. Hence, we have not included breakdowns of sales by region for 2012 and 2013 (2014 was detailed for comparatives in the results for 2015).

Yet, even with only three years of data, one can see the importance for the group of the Americas, led by Skyy vodka in the US. The region accounted for just over 39% of group sales in 2014, with its share rising to 42% last year.

Asia-Pacific, Campari's smallest reporting region may be growing, but the company should be concerned that the region's rate of growth - relative to the broader company's - is stagnant. Asia-Pacific stubbornly remains at just 7% of group sales.

Gruppo Campari's Full-Year Net Profits 2012-2016

Source: Company results

The bottom line has not run smooth for Campari in the last five years. In 2012, 2013 and 2014, net profits headed in the wrong direction, before leaping by 20% in 2015. As noted earlier, 2015 was the only year in the last five that Campari did not make any acqusitions. But, we can't link the impressive performance to one-offs: That 20% increase does not include them. Yesterday's 5% dip on the year before is linked to the Grand Marnier acquisition - the company said its like-for-like net profits actually rose in 2016 by 7%.

Gruppo Campari's Full-Year Operating Profits 2012-2016

Source: Company results

Operating profits, meanwhile, offer a clearer indication of the kind of longer-term performance the company is hoping for. Bar the 12% slide in 2014, which Campari blamed at the time on the "very unfavourable impact" of currency devaluations, operating profits have grown steadily by single digits.

For Gruppo Campari's company page on just-drinks, click here