Gruppo Campari reported its full-year results earlier today

Gruppo Campari reported its full-year results earlier today

Earlier today, Gruppo Campari announced its full-year results, including a healthy 6.2% rise in sales. Here, we take a look at the figures for the 12 months to the end of December by region and brand.

  • The Americas - 42.3% of total group net sales in FY. Overall growth +14.3%, up 7% organically

The company benefited from a favourable exchange rate in its flagship US market last year, resulting in a +11% impact on sales in the country. Top-line performance in the country rose by 3.7% organically, thanks to strong sales of Wild Turkey, double-digit growth for Aperol and Campari and a 26% sales leap for Espolòn. The Skyy vodka stable posted a "slightly positive performance".

Sales in Jamaica were up by 2.4% organically, driven by the company's rum brands. The growth came despite the negative effect of Campari's non-core sugar business, which was flagged by the group in August.

In Brazil – sales +1.4% - performance picked up in the fourth quarter ahead of an excise duty increase. The Admix whiskies and brand Campari struggled, due to "macroeconomic and category weakness". Sales in Argentina, meanwhile, leapt by 34.7%, with Campari (up 73%) and Skyy (up 42.1%) both shining.

Canada spent 2015 settling into direct distribution for the group. Sales in the country were up by 9.7%, thanks to the Forty Creek, Carolans, Aperol, Appleton and Wild Turkey brands.

  • Southern Europe, Middle East & Africa - 31.7% of total group sales in 2015. Sales growth of 4%, with an organic change of +1.9%

Italy, which represents around 25% of the group's top-line, was flat for the company, although produced an up-tick in Q4. Ongoing weakness in whiskies and sparkling wines in the country hampered performance. The company's soft drinks unit posted growth thanks to good weather in the country last year. Spain, France and South Africa were also flagged as doing well last year, although Campari witnessed a "temporary slowdown" in Global Travel Retail and "weakness" in Nigeria.

  • North, Central & Eastern Europe - 18.9% of group sales in 2015. Sales down by 5.6%, falling by 3.7% in organic terms

The devaluation of the Rouble in Russia caused a -1.7% effect on sales in the region in 2015. The country itself posted a 41.4% sales slide, due to "the weak macroeconomic environment and the group's own credit control procedures". A 13.6% sales fall for the Cinzano brand was "entirely driven" by Russia, the company said, while double-digit growth for the vermouth portfolio in Argentina, the UK and Spain, was more than offset by the decline in Russia. Germany, meanwhile, was up by 3.2% thanks to Cinzano vermouth, Frangelico and Ouzo 12.

  • Asia Pacific - 7% of group sales in FY. Sales up by 7.2% overall, rising by 6.4% organically

Australia saw sales increase by 6.8% thanks to the Wild Turkey brand – core, American Honey and RTD - Aperol, Campari and Skyy. Elsewhere, New Zealand and Japan were flagged as good markets for the group last year.

Has Gruppo Campari's harvest finally come in? Click here to read our analysis