DAVIDE CAMPARI DAVIDE CAMPARI ORD SHS : Continued strong growth across all key ...

Press Releases 2011 Continued strong growth across all key indicators in the first half of 2011. Acquisition of Sagatiba, the leading super premium cachaça in Brazil

Highlights

Sales: € 589.1 million (+14.2%, organic growth +12.2%) EBIT before one-offs: € 139.0 million (+19.8%, organic growth +15.9%, 23.6% of sales) Group net profit: € 75.3 million (+8.7%) Net financial debt at € 669.0 million (from € 677.0 million at 31 December 2010) Acquisition of Sagatiba for a consideration of USD 26 million (corresponding to

€ 18 million on the acquisition’s date), plus earn-out

Milan, August 4, 2011 - The Board of Directors of Davide Campari-Milano S.p.A. approved the results for the first half year ending 30 June 2011, which show strong growth across all performance indicators, driven by sustained organic growth and a positive contribution of perimeter, offsetting a slightly negative exchange rate effect.

Bob Kunze-Concewitz, Chief Executive Officer: ‘Benefitting from our heightened marketing investments and strengthened route to market, we had another strong quarter with solid double digit growth across organic sales and key operating indicators. The strong momentum, founded on a well balanced growth across geographies, segments and brands also reflects the heightened seasonality of Aperol driven by increased internationalization.

Furthermore, the acquisition of Sagatiba, the leading super premium and fast growing cachaca brand in Brazil, significantly strengthens our brand portfolio in that key emerging market. It enables us to tap into the largest segment of the Brazilian spirits market as well as leverage the premiumization trend being driven by socio economic improvement. Looking forward, we expect our key growth drivers to continue delivering positive performances and remain committed to sustained investments in marketing and innovation. Based on a balanced view of risks and opportunities, we remain optimistic about our full year prospects.’

Consolidated results first half 2011

In the first half 2011 Group sales totalled € 589.1 million showing a reported growth of +14.2% and organic growth of +12.2% (+8.7% in first half of 2010). Perimeter effect was positive by +2.3%,mainly due to the acquisition of Frangelico, Carolans and Irish Mist. Exchange rates effect was negative by -0.3%.

Gross profit increased to € 346.5 million, up +15.7%, or 58.8% of sales.

Advertising and promotion (A&P) was up by +17.5% to € 105.8 million, or 18.0% of sales.

American Wild Turkey - News


DAVIDE CAMPARI DAVIDE CAMPARI ORD SHS : Continued strong growth across all key ...

In the Americas, sales in the US market registered a total change of -1.6%, due to an organic increase of +3.1%, thanks to SKYY Vodka and Wild Turkey ranges, a positive perimeter effect of +0.2% and a negative exchange rate effect of -4.9%.



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Even a perceived staid brand like Wild Turkey was creating zingy new cocktails, encouraging sips of high-end product, and acting “hip.” (By way of contrast, I am automatically labeled “not hip” just for mentioning it. * Being both trendy and historic




Wild Turkey American Honey and the Bills - Buffalobills.com ...

Call me drunk or just a friggin homer but I cant wait for the season to start. This will be year 37 with season tickets and I think I have seen it all. Good, bad and the ugly. Like all seasons I really go into it with the thought that the Bills are a good team that needs a few breaks here and there. Truth be told I knew the last few (about 10 of em) were going to be over before Halloween. This year may also be over before Halloween but I think we will see an improvement.The schedule is tough, real tough. After a night of beer, Wild Turkey and too **** many Steelers fans I can't do anything but hope the Bills are better. Surely the front office and the coaches have had enough losing and have some clue as to what they are doing. This cant go on forever. The negative posts on this board have got me thinking that this team is the worst ever. I dont think so. I know we have waited a long time and been promised much but my gut tells me we are headed in the right direction. Have I drunk the Kool-Aid before? You bet I have. Tonight I have drunk the Wild Turkey and confirmed my hate for any football team not named the Buffalo Bills (especially any in Pittsburgh) that I will wake tomorrow and see the ugly duckling that I call the Bills and try to make her beautiful again. You look at your girl and think you can do better. Then you look at yourself and think she could have done a lot better. Kinda like the Bills, I look at them and think, I wish we had all the great players but the fact is we don"t or at this point we don't know if we have some really good players. Perhaps this years draft and last years will prove to be the girl we always wanted.


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American Wild Turkey - Bookshelf

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