Campari 2014 Ebitda Pre One-Offs, Net Beat Ests.; Shrs Rise
2015-03-10 10:30:49.956 GMT
By Heather Burke
(Bloomberg) -- Campari 2014 sales EU1.56b, est. EU1.56b.
* Ebitda pre one-offs EU337.5m, est. EU329.7m
* Ebit pre one-offs EU298.2m, est. EU288m
* Net EU128.9m, est. EU123m
* Div. EU8c, BDVD forecast EU8c
* 2014 total organic sales growth 3.4%, est. 2.8% (median of
10)
* 4Q organic sales growth 4.2%, est. 2% (median of 10)
* Outlook: Sees volatility in some emerging mkts, price
competition continuing in some core regions to continue in
2015
* Business overall, margins will benefit from the expected
return on recent route-to-market initiatives and
production investments, more favourable trends in input
costs, positive FX
* Business overall, margins will benefit from the expected
return on recent route-to-market initiatives and
production investments, more favourable trends in input
costs, positive FX</li></ul>
* Shrs up 1.5%, earlier little changed
* Call 1pm CET +44 1212 818003
*Preview
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To contact the reporter on this story:
Heather Burke in London at +44-20-3525-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-03-10 10:30:49.956 GMT
By Heather Burke
(Bloomberg) -- Campari 2014 sales EU1.56b, est. EU1.56b.
* Ebitda pre one-offs EU337.5m, est. EU329.7m
* Ebit pre one-offs EU298.2m, est. EU288m
* Net EU128.9m, est. EU123m
* Div. EU8c, BDVD forecast EU8c
* 2014 total organic sales growth 3.4%, est. 2.8% (median of
10)
* 4Q organic sales growth 4.2%, est. 2% (median of 10)
* Outlook: Sees volatility in some emerging mkts, price
competition continuing in some core regions to continue in
2015
* Business overall, margins will benefit from the expected
return on recent route-to-market initiatives and
production investments, more favourable trends in input
costs, positive FX
* Business overall, margins will benefit from the expected
return on recent route-to-market initiatives and
production investments, more favourable trends in input
costs, positive FX</li></ul>
* Shrs up 1.5%, earlier little changed
* Call 1pm CET +44 1212 818003
*Preview
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-3525-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net