ITALY: Campari reported a 2.4% sales growth in 2014 | Progresiv
Italian beverages group Campari saw sales rise by 2.4% to 1.56 billion euros in 2014. According to full year results, net profit dropped by 13.9% to 128.9 million euros in the same period. Net financial debt stood at 978.5 million euros, up from 852.8 million euros the previous year. All regions showed positive organic sales growth in 2014. Americas were up by four%, mitigated by continuing realignment of shipment with positive underlying depletions and consumption trends in the US, particularly for Wild Turkey bourbon, and continued strong growth in Argentina and Brazil. Italy increased by 3.5%, driven by aperitifs, particularly Aperol and the single serve aperitifs. Organic sales growth in the rest of Europe was 3.2%, thanks to a solid performance in Russia driven by sparkling wines and Western European markets driven by Aperol. (www.esmmagazine.com) 
