Gruppo Campari will report its third-quarter and year-to-date results on Wednesday (11 November). Here, just-drinks takes a look at how the Milan-headquartered company has fared in the three months to the end of September.
- At the beginning of July, Gruppo Campari announced a global partnership with Italian food market Group Eataly, to "promote the Italian lifestyle".
- And in mid-July, the company named Ugo Fiorenzo as its new managing director of Campari America. Fiorenzo filled a position that was vacant for more than seven months, following Roy Danis's departure late last year.
- At the beginning of August, Gruppo Campari reported a continued lift in sales and profits for the first six months of 2015, following strong numbers in Q1. At the same time, the company said its Skyy vodka brand had returned to growth in the US.
- Staying in the US, Campari America announced plans to expand its distribution agreement with Southern Wine & Spirits of America.
- In mid-September Campari Australia confirmed the death of Shane O'Hart, former managing director Australia, New Zealand and Pacific Islands.
- Later in the month, Campari recruited a senior Diageo executive to head up its operations in Australia, New Zealand and the Pacific Islands.
- At the end of September, Gruppo Campari set out plans to raise EUR600m (US$672.3m) through an unrated bond issue.
H1 & Q2 highlights:
- Half year net profits jump 36% to EUR77.9m (US$85.5m), climbing 18.4% after one-offs
- Sales in six months to end of June rise 10.5% to EUR757.9m
- Operating profits up by 16.8% to EUR141.6m
- Q2 sales rise by 1.7%
Subscribe to Just Drinks for just £1 for 1 month
Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.
As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.
What’s included in your subscription:
- Personalized Access: Secure login to Just Drinks
- Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
- Case Studies & Deep Dives: Real-world applications and in-depth analyses.
- Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.
Ready to stay informed?
