Campari posts strong results for 2015

Gruppo Campari, the producer behind Campari, Skyy Vodka and Wild Turkey whiskey, has posted a 36% rise in net profit in 2015, which it has thanked on a good mix of sales across markets and price points.

Campari CEO Bob Kunze-Concewitz (Photo: Gruppo Campari)

Value sales of the group’s brands were €1.67 billion last year, which represents 6.2% reported growth and an organic growth of 3.0% when discounting favourable currency movements.

Group debts also dropped by over €150m to €825.8m in the year, while earnings before tax grew by 11.6% to €332.7m.

“We achieved the results thanks to the consistent execution of our growth strategy which drove a continuous improvement of sales mix by brand and market, in line with the Group’s objectives,” said Bob Kunze-Concewitz, Gruppo Campari’s CEO.

“In particular, high margin global priority brands outperformed the Group’s overall organic growth and accelerated in the fourth quarter, leading to operating margin improvement at Group level.”

However, the company expects currency movements to work against it in 2016, but it expects to counter this with further sales improvement.

“Looking forward, with respect to the macroeconomic environment, we expect the volatility in some emerging markets and the recent devaluation of Group’s key foreign currencies to continue during 2016,” Kunze-Concewitz said.

“Simultaneously, we are confident to achieve a positive and profitable development of the business, driven by the growth of high-margin global priority brands – particularly the aperitifs, the American whiskies and the Jamaican rums – and by the positive performance of strategic markets for the Group.”