Campari reports strong Q1 growth | Progresiv
Campari has reported double-digit growth in sales and profits for its fiscal first quarter, helped by demand for key brands. 
For the quarter, sales grew by 10.1% to 370.1 million euros on an adjusted basis (+9.6% organic), with operating profit growing by 18.5% to of 72.4 million euros, and pre-tax profit up 16.5% to 63.9 million euros.
The spirits giant’s Global Priority brands saw sales grow by 12.6% on an organic basis, with Aperol (its largest brand) recording a 26.8% jump. Meanwhile, the Campari brand reported a 9.2% rise in sales, while Grand Marnier and Wild Turkey both grew by +10.0%.
The Regional Priorities brands reported a 7.8% increase in sales, helped by demand for Espolòn (+22.7%), GlenGrant (+6.4%), and the Cinzano portfolio (+11.1%). Finally, the Local Priorities brands eked out a 2.3% increase, with a 2.3% rise in sales of Campari Soda being offset by a 4.7% drop at Crodino and a “flattish performance” of its Wild Turkey ready-to-drink line.
CEO Bob Kunze-Concewitz noted: “We achieved a very strong start of the year driven by the combination of both a strong momentum of the key Global and Regional Priorities in core developed markets, despite the late Easter, and the recovery in emerging markets, largely against an easy comparison base in a small quarter …. We remain confident in achieving a positive performance across key underlying business indicators, driven by the continued outperformance of the high-margin Global and Regional Priorities in the core developed markets.” (www.kamcity.com)
