Nightmare day on the stock exchange for the Campari stock, which at the beginning of the afternoon loses more than 5 points, clearly behind the Ftse Mib. The Italian beverage group started to slip after the release of the results for the first nine months of 2012, lower than market expectations. 1,04 million shares changed hands compared to an average of 1,4 million in a full session over the past month.
Campari closes the first nine months with a gross profit of 175,7 million euros, up 0,8% over the same period last year. Revenues – reads a note – reached 931,6 million (+4,8% on an annual basis), while Ebitda before non-recurring income and charges was 238,4 million (+2,5 %). Ebit before non-recurring charges and income rose to 213,9 million (+2,0%). Net financial debt as at 30 September decreased to 608 million (636,6 million as at 31 December 2011).
As for the geographical areas, sales in the American area reached 35,2% of the total, recording an overall growth of 10,1%. Sales on the Italian market, equal to 30,4% of the total, instead recorded a negative variation of -1,3%. Finally, sales in the rest of Europe (24,0% of the total), recorded a drop of -0,7%.
