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BREAKING NEWS

Campari reports 8% growth in first-half sales on organic basis

Campari reports 8% growth in first-half sales on organic basis
FILE PHOTO: Campari bottles are seen in a bar downtown Milan, Italy, September 4, 2018. Picture taken September 4, 2018. REUTERS/Stefano Rellandini/File Photo -
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Stefano Rellandini(Reuters)
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MILAN (Reuters) – Italy’s Campari <CPRI.MI>, the world’s sixth largest premium spirits maker, reported an 8% rise in its first half sales on an organic basis, helped by a strong performance in North America.

Adjusted earnings before interest and taxes (EBIT) rose to 180.3 million euros (165.09 million pounds) in the first half, equal to 21.3% of sales, marking a margin improvement compared with the same period last year.

The group’s light aperitif Aperol, which has become the company’s best selling drink, reported a 22% growth in sales on an organic basis between January and June.

(Reporting by Francesca Landini; Editing by Keith Weir)

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