ITALY: Campari pre-tax profits up 6% in Q1
Consolidated net revenues also rose by 5.9% from €127.7m to €135.2m. The company said that spirits sales had risen by 14%, while wine sales, including fortified wines, fell by 2.8%.
On a regional basis, sales in Italy, which accounts for 53% of group sales, rose by 1.8%, while sales in Europe as a whole were up by 6.7%. Meanwhile, sales in the US rose by 28%, boosted by a new distribution licence for the tequila brand, 1800.
The rum market may be dominated by white rum - and by one brand in particular - but Larry Watson, managing director, distribution division, at Jamaican rum producer, J Wray & Nephew, believes there is...
Flavoured vodkas have been a major success story in the US where they have prospered on the back of strong sector growth and premiumisation. With European markets also showing consistent growth and so...
Campari has had its rating cut....
The Blavod Extreme Spirits joint venture Diamante Spirits is to produce and market a new Tequila, El Diamante del Cielo (Diamond in the Sky). The new product will have a retail value between US$45-60 ...
Davide Campari-Milano S.p.A. has seen a 2.6% rise in sales drive growth across all profitability indicators in the first half of the year....
US investment house Citigroup Smith Barney has cut its rating on Italian drinks group Davide Campari-Milano SpA from "buy" to "hold"....
Mexico, the US and Canada will sign an accord aimed at boosting the quality of Tequila-based produced outside Mexico, a spokeswoman for supplier's lobby Consejo Regulador del Tequila (CRT) confirmed t...
Goldman Sachs has initiated coverage of Davide Campari-Milano shares....
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