Campari Posts 14% Growth In The First Half

Campari Group saw sales rise 14% organically to €1.5 billion ($1.7b) in its first half through June, propelled by its aperitifs, Tequila and Bourbon brands, with higher pricing also providing a boost. Adjusted EBIT increased 15% to €360 million ($398m).

In the U.S., sales rose 12% for the first half. Second quarter sales slowed to 3% on shipment phasing but depletions were still strong at +16%. Aperol, Espolòn, Appleton Estate, and Russell’s Reserve drove U.S. gains, with Aperol showing triple-digit sales growth, while Grand Marnier declined due to destocking.

“Looking at the remainder of 2023, we remain confident of the positive business momentum across key brand-market combinations, reflecting business seasonality and expected normalization in volume growth, thanks to strong brand equity and continued strength in the on-premise,” said Campari Group CEO Bob Kunze-Concewitz.—Daniel Marsteller

Tagged : Aperol, Appleton Estate, Campari, Espolón, Russell's Reserve

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