date:Aug 07, 2013
hem to the first half, which in the past was the key restocking period.
Overall, the results were in line with expectations since the destocking was known, but Italy and Europe have performed better than we had expected, a Milan-based analyst said.
Sales were up 13 percent to 698.6 million euros, boosted by Campari's acquisition of Jamaican rum maker Lascelles de Mercado late last year.
On an organic basis, which strips out acquisitions and currency moves, group sales fell 3.3 percent in the