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Davide Campari Milano SpA (CPRI.MI)

CPRI.MI on Milan Stock Exchange

6.49EUR
17 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Campari sees flat 2017 EBIT margin versus 2016
Thursday, 3 Aug 2017 08:00am EDT 

Aug 3 (Reuters) - Davide Campari::CFO Paolo Marchesini tells analyst call EBIT margin is seen flat in 2017 versus 2016 on an organic basis.CFO says sees advertising and promotion costs at 18.7 percent of sales this year, it could be 20 basis points higher or lower than that.CEO Bob Kunze-Concewitz says Grand Marnier reported H1 net sales of 58.9 million euros.CEO says Grand Marnier on track to deliver on expectations of 47 million euros EBITDA for 2017.CEO says U.S. sales of Grand Marnier have returned to low-to-mid single digit growth in terms of volumes.CEO says group has to take Grand Marnier off desserts and back into cocktail glasses in Europe, it will take some time.  Full Article

Campari sees mid-to-high single digit growth for U.S. sales in 2017
Tuesday, 9 May 2017 08:00am EDT 

May 9 (Reuters) - Davide Campari::CEO Bob Kunze-Concewitz tells analysts he expects mid-to-high single digit growth for sales in the United States in 2017.CFO Paolo Marchesini tells analysts he estimates total positive impact of around 88 million euros from "patent box" scheme.  Full Article

Campari says Grand Marnier investments to offset synergies in 2017
Tuesday, 28 Feb 2017 08:45am EST 

Davide Campari Chief Financial Officer Paolo Marchesini tells an analysts' conference: Higher investments on Grand Marnier brand will roughly offset synergies from the acquisition of the French liqueur company in 2017 . Expects gross margins to expand on a full year basis on existing business in 2017 . Group will have some visibility on "Patent box ruling" in Italy at the end of June and does not expect major changes to its tax rate in the country . Grand Marnier acquisition from July 2016 to June 2017 is expected to add around 47 million euros to EBITDA, excluding Chilean wine business Further company coverage: [CPRI.MI] (Reporting by Milan newsroom).  Full Article

Campari rises more than 1 pct after acquiring Bulldog gin
Friday, 3 Feb 2017 03:22am EST 

Davide Campari Milano: Shares in the world's sixth-largest premium spirit maker rise more than 1 percent on Friday after announcing the acquisition of Bulldog London Dry Gin brand . The Italian group will pay $55 million plus assumed liabilities of $3.4 million [nI6N1FA02C] Further company coverage: [CPRI.MI] (Reporting by Milan newsroom).  Full Article

Italy's Campari buys Bulldog Gin for $58 million
Thursday, 2 Feb 2017 01:22pm EST 

Italian beverage group Davide Campari says: signed agreement to acquire Bulldog London Dry Gin for $55 million plus working capital and assumed liabilities for $3.4 million . agreement foresees possibility of an earn-out payable upon achievement of certain sales volumes according to agreed volume targets . Campari has distributed Bulldog since 2014 . Closing expected by mid-February 2017 .Bulldog gin had sales of 11 million euros in 2016.  Full Article

Campari sees synergy benefits from Gran Marnier deal
Tuesday, 2 Aug 2016 08:00am EDT 

Davide Campari Chief Executive Bob Kunze-Concewitz tells an analyst conference call: sees double digit fall in sales in Brazil as market deteriorates . expects Grand Marnier sales to grow low single digit or remain flat while benefits from the acquisition of the French liqueur maker will mainly come from synergies in first two years Further company coverage: [CPRI.MI] (Reporting by Milan newsroom).  Full Article

BRIEF-Success of friendly take over bid from Campari on Grand Marnier shares
Tuesday, 28 Jun 2016 08:43am EDT 

Specifies stake held by Campari after take over bid.Societe Des Produits Marnier Lapostolle SA : Success of friendly take over bid from Gruppo Campari on Societe Des Produits Marnier Lapostolle shares .Campari now hold 69.76 pct of the capital of Grand Marnier.  Full Article

Campari holds nearly 70 pct of Grand Marnier owner after takeover bid
Monday, 27 Jun 2016 11:49am EDT 

Italian drinks maker Campari says: shares equal to 50.7 percent of the total share capital of Grand Marnier owner Societe des Produits Marnier Lapostolle's (SPML) were tendered in takeover bid for an overall value of 347 million euros . after takeover bid Campari holds 69.8 percent of SPML's capital, 54.5 percent of voting rights in ordinary general meetings and 53.6 percent of voting rights in extraordinary ones .in concert with certain shareholders, members of the Marnier Lapostolle family, Campari holds 97.8 percent of SPML share capital.  Full Article

Campari sees 5 pct hit from currency swings on 2016 sales
Monday, 9 May 2016 08:12am EDT 

Davide Campari Chief Financial Officer Paolo Marchesini tells analyst call: believes that the beverage group can improve EBITDA margin this year . sees 5 percent negative impact from currency swings on 2016 sales Further company coverage: [CPRI.MI] (Reporting by Milan newsroom).  Full Article

Easter boosted Campari Q1 organic sales by 3.3 pct-CEO
Monday, 9 May 2016 07:56am EDT 

Davide Campari Chief Executive Bob Kunze-Concewitz tells analyst call: Early Easter contributed 3.3 percent to organic sales growth in Q1 Further company coverage: [CPRI.MI] (Reporting by Milan Newsroom).  Full Article

Campari sells Lemonsoda business for 80 mln euros to Royal Unibrew A/S

MILAN, Oct 4 Italian beverage group Campari said on Wednesday it agreed to sell its Lemonsoda business to Denmark-based Royal Unibrew A/S in an 80 million euros ($94.05 million) deal.