Strong Pricing Helps To Drive Sales Growth For Campari
Italian spirits group Campari reported a 9.6% increase in fourth quarter like-for-like sales, thanks to strong pricing and despite supply constraints.
The maker of Aperol and Campari bitters said net sales reached €2.7 billion in 2022 as a whole, up organically 16.4% compared with the previous year.
“In a challenging 2022, we continued to make solid progress in pursuing our long-term growth strategy focusing on sustainable brand building as well as portfolio enhancement via attractive acquisitions,” Campari CEO Bob Kunze-Concewitz said in a statement.
“The overall macro environment for inflation remains challenging despite some signs of easing; nevertheless, we remain confident to preserve the current operating margin on sales at the organic level,” he added.
Campari said it was confident in the strength of future demand and it is planning robust medium-term supply chain investments to double overall production capacity in key aperitifs, bourbon and tequila categories.
The group, which has been boosted in recent years by the popularity of the orange Aperol spritz cocktail, said it generated 46% of its sales in the Americas with the United States its largest market.
Adjusted operating profit in the last quarter was up 7.6% on a like-for-like basis, with input cost inflation almost fully offset by positive pricing initiatives. It was up 19% on the same basis over the year.
Related news
Government steps may also be taken to restrict banking and telecommunications
The government would not only intervene in the pricing of…
Read more >Hungarian food producers may be in serious danger due to the margin freeze
Following the introduction of the margin freeze, previously strictly confidential…
Read more >Analyst: Food pricing, which involves huge extra profits, must be brought within reasonable limits
Food pricing, which represents a huge extra profit for food…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >