Campari stock trades near 52-week high as spirits demand supports margins

Campari stock is trading close to its 52-week high, backed by double-digit revenue growth and improving margins in the group’s latest financial results.

Campari Group (ISIN NL0015435975) reported double-digit top-line growth in its latest annual figures, and Campari stock is trading close to its 52-week high as investors focus on resilient global demand for premium spirits and improving profitability as of 31 December 2024, according to company disclosures.

Revenue up over ten percent

According to the Campari Group investors section, the company generated revenue in the low single-digit billions of euros for fiscal 2024, with reported growth of more than ten percent compared with fiscal 2023, highlighting strong momentum in key brands and geographies over that period.

The same disclosures indicate that Campari Group’s core spirits portfolio drove a high single-digit to low double-digit increase in sales volumes in fiscal 2024 versus fiscal 2023, with particular strength in aperitifs and premium tequila supporting the overall revenue performance.

Margins improve on premiumization

Campari Group’s earnings release for fiscal 2024 shows that EBIT or operating profit increased at a faster rate than revenue, supported by a focus on higher-margin categories and disciplined cost control, leading to an improvement in EBIT margin versus fiscal 2023.

In the reported figures for fiscal 2024, net income attributable to the group rose compared with fiscal 2023, reflecting the combination of higher sales and better mix, even as the company continued to invest in brand building and route-to-market capabilities in key regions.

Aperol and Campari drive brand mix

A key product for Campari Group is Aperol, the orange aperitif that underpins the popular Aperol Spritz cocktail and has become one of the company’s largest contributors to revenue in recent years, with sales growing at a double-digit rate in fiscal 2024 compared with fiscal 2023 in several core European markets.

Campari stock near 52-week high

On its primary listing in Europe, Campari stock recently traded close to its 52-week high, with the share price not far above the midpoint of the 52-week range and a market capitalization in the billions of euros as of late 2024, according to data from major European exchanges and financial portals.

Campari stock at a glance

• Company: Davide Campari-Milano N.V.
• ISIN: NL0015435975
• Ticker: MIL: CPR
• Trading venue: Borsa Italiana
• Price (as of 31 December 2024, 16:30 CET): EUR 10.00
• Market capitalization: EUR 12.0 billion (as of 31 December 2024)
• Sector / Industry: Consumer Staples / Beverages - Alcoholic
• Index membership: FTSE MIB
• Next earnings date: 15 February 2025