"The 2011 results confirm the extreme solidity of the Campari Group," said Bob Kunze-Concewitz, CEO of the Tuscan group after announcing last year's data. Sales increased by 9,6% to 1,27 billion euros and Ebitda – before non-recurring income and expenses – reached 329 million, up 10,2% on 2010. The Group's net profit also increased to 159,2 million euros (+1,9%), after having recorded, in addition to an increase in net financial expenses and taxes, also a component of non-recurring expenses for 4,7 million.
"Significant investments in marketing and new distribution structures, coupled with product innovation activity and acquisitions, have further strengthened our business," Kunze-Concewitz said. The largest increase in sales was recorded in Argentina, +42,9%, thanks to the good results of Cinzano, Campari and Old Smuggle and in Germany, where he drove Aperol sales with a + 23%.
“Looking ahead to 2012, our forecasts remain cautiously optimistic“, added the CEO of Campari, not allowing himself to be discouraged by a slow start to the year, mainly due to contingent factors such as the increase in prices in Brazil which slowed down sales and a non-renewal of a commercial agreement in Germany. "We expect these imbalances to be recovered in the remaining and most important part of the year," he concluded. Kunze.
Lastly, the BoD resolved to propose to the Shareholders' Meeting, convened for next 27 April 2012, the distribution of a dividend of €0,07 per share.
At around 11.30 the Campari stock it lost 3,47% to 5,46 euros per share.
