Global, Regional Priority Brands Lift Gruppo Campari’s Nine Months Results

Global, Regional Priority Brands Lift Gruppo Campari’s Nine Months Results

By Tunde Osho

Italian spirits firm Gruppo Campari reported a €1.27bn in revenue for the nine months to the end of September, an 8.1% increase over the previous year.

The company behind brands such as Campari, Skyy vodka, Aperol, among others, credits its sales growth to the performance of its high margin global and regional priority brands as well as a slightly positive exchange rate effect of 0.3%, driven by the progressive strengthening of the Euro against many of the group’s trading currencies.

The company said it also benefitted from the combined perimeter effect of the Grand Marnier acquisition in July 2016, the termination of some distribution agreements and the sale of non-core businesses.