Campari unveils strong growth and new CEO

By: trademagazin Date: 2007. 05. 11. 00:00

Campari-Milano has reported solid growth in its first quarter 2007, while at the same time unveiling the appointment of its new CEO Bob Kunze-Concewitz.

Group sales totalled EUR196.6m (US$266.5m) in the first
quarter, an increase of 8% over the same period last year.

Trading profit increased by 6.3% to EUR57.7m. Organic growth
accounted for 6.7% and external growth for 1.7%, while exchange rate effects
negatively contributed 2.1%. EBITDA rose by 7.7% to EUR46.5m, or 23.6% of
sales. The group's profit before tax was EUR37.5m.