Campari Group

26/03/2003

Campari approves full year results to December 31, 2002

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".

The Campari Group
The Campari Group is the sixth player in the global spirits sector, trading in over 190 markets around the world with a leading position in the Italian and Brazilian markets and a strong presence in the USA, Germany and Switzerland. Following an intensive acquisition campaign undertaken over the last few years, the Group has an extensive portfolio that spans three business segments: spirits, wines and soft drinks. The Group’s portfolio includes a combination of strong international brands, such as Campari, SKYY Vodka, Cynar and Cinzano and leading local brands, such as CampariSoda, Campari Mixx, Crodino, Sella & Mosca, Zedda Piras, Biancosarti, Lemonsoda, Oransoda and Pelmosoda in Italy, SKYY Blue in the United States, Ouzo 12 in Greece and in Germany, Dreher, Old Eight, Drury’s and Liebfraumilch in Brazil and Gregson’s in Uruguay. The Group has 1,400 employees, and shares of the parent company Davide Campari-Milano S.p.A have been listed on the Milan stock exchange since July 2001.

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