Campari: raises 2026 EBIT margin guidance, confirms sales target of +3%
Expected impact of tariffs reduced from 30 million to 20 million
(Il Sole 24 Ore Radiocor) - Campari Group has updated its outlook for 2026, raising its adjusted EBIT margin on sales, thanks to a benefit of 10 million resulting from a more favourable tariff environment, which reduces the expected negative impact of tariffs for the full financial year from approximately 30 million to approximately 20 million. The company announced this in a statement, in which it specifies that “the potential benefit arising from the refund of US tariffs for 2025, for which an application has been submitted, is expected to reasonably offset the anticipated pressure on cost of sales in the second half of the year resulting from geopolitical events, primarily related to logistics”. The guidance regarding all other factors affecting margin performance remains unchanged. The group also confirms its expectation of achieving organic revenue growth of around 3 per cent, outperforming the sector. The company expects a negative scope effect of approximately 70 million on net sales and 30 million on adjusted EBIT, attributable to the already completed disposals of non-core brands. Finally, the Group expects to maintain an appropriate level of financial leverage, taking into account the completion of the extraordinary investment programme and the dynamics of operating working capital. Furthermore, the Group has increased shareholder returns through higher dividend payments, capitalising on sustained cash generation and the accelerated reduction in financial leverage.
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