date:Aug 07, 2013
n in consumption of its local brands, including Dreher brandy and Old Eight and Drury's whiskeys.
Shares in the company rose more than 4 percent after the results release to nearly a three-month high and were up 3.29 percent at 6.13 euros by 1324 GMT, outperforming a 0.46 percent rise in the European food and beverage sector index.
The first-half numbers from Europe outside Italy were the ones where we were most surprised to the positive. We were expecting a decline in organic sales growth of