Campari, a leading player in the global branded beverage industry, has slowed the fall in profits in its year-to-date, helped by strong acceleration in the organic performance in Q3, and expects its final quarter performance to “stabilise” the business.Net profits in the nine months to the end of September fell by 14.9% to €149.5 million, the Milan-headquartered group said yesterday. Sales in the period were up 13% to €1.05 billion, while operating profits slid by 8.4% to €193.9 million.
In its first-half the firm had reported a 26.1% drop in net profits.
In Q3, net profits rose by 8.1%, as sales climbed by 13% to 353.9m. Operating profits in the three months came in at €73.4 million, up 8.2%.
