Campari has beaten first-half expectations with a 37% rise in sales as shops and restaurants reopened amid easing lockdowns, pushing shares in the Italian beverage maker to a record high.
Its January-June, net sales of €1 billion were also up 22% from the pre-COVID-19 pandemic first half of 2019.
Drinks Consumption And EBIT
Drinks consumption at home also helped boost sales, the company said.
The maker of the red Campari aperitif and orange Aperol liqueur said that its adjusted earnings before interest and taxes (EBIT) rose by 89% on an organic basis to €223 million.
Campari CEO Statement
"Whilst uncertainty linked to the spread of COVID variants and the possible re-introduction of new restrictive measures persists, we remain confident about the continued strong brand momentum, fuelled by sustained marketing investments, accelerating in aperitifs peak season," Campari CEO Bob Kunze-Concewitz said in a statement.
News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.
