Campari: first-half sales down 1 per cent to 1.5 billion, but above forecasts; profit at 129 million (-37 per cent)
Adjusted net profit up 4.7% to 226 million
(Il Sole 24 Ore Radiocor) - Campari Group closed the first half of 2026 with net sales of €1.512 billion, exceeding analysts’ estimates of €1.499 billion; this represents a 1 per cent decline on a total basis but a 2.7 per cent increase on an organic basis. This was influenced by a 2% change in scope, mainly attributable to the disposal of Cinzano, and a 1.8% currency effect, mainly attributable to the US dollar. Adjusted Group net profit stood at 226 million, up by +4.7%, whilst Group net profit stood at 129 million (-37.7%). Gross profit amounted to 946 million, corresponding to 62.6% of net sales, up by +1.3% on total change. On an organic basis, gross profit grew by +4.8%, with an improvement in gross margin of 130 basis points. Adjusted EBIT stood at 358 million (23.7% of net sales), up by +1.8% on a total basis (+8.5% on an organic basis), resulting in a 130-basis-point increase in the margin, whilst adjusted EBITDA amounted to 430 million, up by +6.5% on an organic basis and +0.8% on a total basis. EBITDA amounted to 322 million (-22.7%). Net financial debt as at 30 June 2026 stood at 2.068 billion. The ratio of net financial debt to adjusted EBITDA stands at 2.6 times, compared with 3.2 times as at 30 June 2025 and 2.5 times as at 31 December 2025.
mar-com
