(News Bulletin 247) – The Italian spirits group Campari announced on Tuesday that it had posted organic growth of 16.4% in the 2022 financial year, a performance better than expected due to the strength of its ‘premium’ brands and the its price increases.
Its annual turnover amounted to nearly 2.7 billion euros, compared to around 2.2 billion in 2021, which corresponds to an increase of 24.2% in published data.
Earnings before interest and taxes (Ebit) increased by 27% to 511.5 million euros last year.
In adjusted terms, it shows an increase of 31% to some 570 million euros, compared with a consensus established at 565 million.
In a note of reaction, RBC analysts, however, evoke performance ‘mixed’, accompanied by forecasts deemed disappointing.
In its press release, Campari says it is indeed “confident” in its ability to “preserve” its current level of operating margin, while the market was aiming for a 6% increase in organic data.
As a result, the Campari share fell by 0.6% on the Milan Stock Exchange in response to these results, in line with the decline in the Italian FTSE MIB index, which brings its gains to around 11% since the start of the period. ‘year.
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