date:Aug 10, 2012
Italian firm Gruppo Campari posted total net sales of 618.3m (up 3.2% versus H1 2011) in organic terms in the year to June 30, while net profit rose 3.5% to 77.9m.
Bob Kunze-Concewitz, CEO, said that Grupo Camparis H1 in Europe was hit by the German commercial dispute, weakening consumer confidence in Italy and the transition to a new Russian sales platform.
South American trading wasvery challengingand particularly hard hit by a slowdown in Brazil, Kunze-Concewitz added, but he noted strong