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 - Copyright Stefano Rellandini(Reuters)

By Reuters

Published on 30/07/2019 - 12:04•Updated 16/04/2024 - 20:52

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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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