date:May 15, 2014
Italian drinks company Gruppo Campari has revealed a steep 47.7% drop in Q1 profits, with falling sales and exchange rates weighing heavily on the Group.
Shares fell by more than 4% to their lowest in over a month after the Q1 figures were announced yesterday, with investor confidence dropping because of weak sales in spirits and sparkling wines.
The maker of the world-famous red aperitif said that organic sales for the period fell by 3% compared to last year. However, the company also said t