Campari approves full year results to december 31, 2002

Consolidated sales reach € 661 million (up 34%)
EBITDA rises to € 160 million (+40%)
Consolidated net income rises to € 87 million (+37%)
The Group is No. 6 in the world's spirits market
International revenues higher than domestic revenues for the first time ever.

Milan, 26 March 2003
- The Board of Directors of Davide Campari-Milano S.p.A. has approved the Group's consolidated results for the fiscal year 2002, which fully confirm the stated growth goals and show substantially increased profits compared to 2001.

Consolidated net sales of € 661 million, up 34%

EBITDA of € 160 million, up 40%
EBITA of € 142 million, up 42%
EBIT of € 115 million, up 29%

Consolidated net income of € 87 million, up 37%

EPS of € 2.98, up 37% 2002 crowns a highly successful five year period in which the Campary Group has grown twice its size, with consolidated net income leaping from € 334 million in 1998 to € 661 million in 2002, and doubled its operating income, with EBITA grown from € 76 million in 1998 to € 142 in 2002.

In the words of the CEO, Marco Perelli-Cippo: “The Group is successfully continuing its expansion in global markets, with results increasing significantly. In 2003 we expect a further growth, despite the unfavourable global economic environment".

Publishing date: 
26 Mar 2003
Share/Save
Last updated May 28 2013