May 8, 2018 / 9:43 AM / 4 months ago

Campari posts 2.2 pct rise in Q1 organic sales

MILAN, May 8 (Reuters) - Italian spirits group Campari reported a 2.2 percent rise in first-quarter sales excluding forex swings and M&A activity, marking a slowdown from a year ago due to softness in emerging markets.

On a reported basis, sales in the period fell 8.2 percent to 336 million euros ($399 million), slightly below a Reuters SmartEstimate of 341 million euros.

“Looking into 2018, our outlook remains fairly unchanged and balanced in a still uncertain macroeconomic scenario for some emerging markets,” Chief Executive Bob Kunze-Concewitz said in a statement.

Shares in the company extended their losses after the results to trade down more than 3 percent but later recovered. The stock was down 0.9 percent by 0939 GMT.

$1 = 0.8412 euros Reporting by Francesca Landini; Agnieszka Flak

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