Campari's Sales Slow In US And Brazil

May 2008 | Company Finance Alert

Italy-based drinks firm Campari has reported a 1.3% organic increase in sales for the first quarter of 2008. However, a negative exchange rate and the termination of a contract to distribute 1800 Tequila meant that the firm's net sales actually decreased by 2.3%. This is a fairly poor result for a firm that has publicly stated it wishes to double its turnover by 2012. Brazil and the US were the firm's two worst performing regions, and with the Campari generating over 32% of its sales in these two countries, a long-term slowdown in either could significantly impact on the

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