Rise in Campari Sales As Consumers Buy More Spirits
on 12/11/10 at 10:07 amIndustry
Davide Campari-Milano SpA, the maker of Wild Turkey bourbon, said sales and earnings increased in the first nine months of the year, aided by demand for spirits brands including Skyy vodka.
Revenue rose 14 percent to 794.9 million euros ($1.09 billion), driven by “good consumption momentum across key brand and market combinations, especially spirits,” the Milan, Italy- based company said today in a statement. Excluding acquisitions and disposals, sales gained 6.8 percent. Pretax profit climbed 17 percent to 156.3 million euros.
“Today’s results confirm the resilience of Campari’s operating model,” wrote Simon Hales, an analyst at Evolution Securities in London.