Campari looks to Skyy for growth
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Written by Nigel Huddleston
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Wednesday, 18 March 2009 |
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Skyy vodka and the Aperol aperitif were among the brand highlights for Gruppo Campari, which posted organic sales growth of 2.7% in 2008, and saw net profit rise 1.1% to Euros 126.5 million.
Sales of Skyy grew by 11.1% based on constant exchange rates and Aperol was ahead by 13.3%.
Glen Grant gained market share in the declining whisky market in Italy, despite a sales fall of 4.6 % during the year.
The wine portfolio registered growth of 4.1%, including a strong performance from Cinzano, ahead by 9.5% on like-for-like exchange rates.
Chief executive officer Bob Kunze-Concewtiz said: "We achieved solid results in spite of a significantly worsening economic environment.
"We obtained positive organic growth in sales as well as in all operating profit indicators thanks to cost containment.
"While we maintain a cautious stance during the current year, we are positive about the company's prospects. The underlying business is healthy."
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