MILAN Feb 28 Davide Campari, the
world's sixth-largest premium spirit maker, said on Tuesday
sales rose 4.7 percent on an organic basis last year, thanks to
a good performance in northern, central and eastern Europe.
Headline sales, which include impacts from currency
fluctuations and M&A, increased 4.2 percent to 1.73 billion
euros ($1.83 billion), broadly in line with a 1.72 billion euro
forecast by analysts polled by Reuters.
French liqueur Grand Marnier, which Campari bought last year
and started to consolidate since June, added 81.5 million euros
to the group's net sales.
The maker of Campari bitter said adjusted operating profit
rose 6 percent to 352.5 million euros, with a margin of 20.4
percent on sales, as high costs for advertising and promotion
($1 = 0.9439 euros)
(Reporting by Francesca Landini and Maria Pia Quaglia; editing
by Agnieszka Flak)