Campari Group Q3 boosted by global brands

Tuesday 6 November 2018 11:44am

Organic sales grew by 6.2% driven by the strengthened Euro, the sale of non-core businesses (in particular Carolans Irish cream liqueur and Lemonsoda) and the termination of agency brands distribution, partially offset by the Bisquit Cognac acquisition.

The group's largest market, the US, grew by 4.3%, driven by the double-digit increase of Espolon, Aperol and Campari, and the "positive trend" of Wild Turkey, the Jamaican rums and GlenGrant.

Sales in Southern Europe, Middle East and Africa fell by 2.9%, while sales in North, Central and Eastern Europe increased by 6.1%.

Sales in Asia Pacific increased by 7.6% and the region's other markets grew by 24.2%, driven by the "positive performance" of Japan, China and New Zealand.

Aperol increased by 31% driven by its core markets Italy, Germany and Austria and "strong double-digit growth" of high potential markets including the US, Russia, the UK, France, Australia, Czech Republic, Spain and global travel retail.

"In the first nine months of 2018 we achieved a very positive net sales organic growth, accelerating in the third quarter, driven by the continued outperformance of the key high margin global and regional priorities in the core developed markets," said chief executive officer Bob Kunze-Concewitz.

Source: The Spirits Business