Campari jumps on guidance confirmation, EBIT beat

Davide Campari Milano NV

30/10/2025 09:13

** Shares in Campari CPRI.MI jump around 10% after the Italian spirits maker posted a Q3 EBIT beat and confirmed its 2025 outlook, while lowering its tariff impact estimate

** Its adjusted EBIT for Q3 stood in at 165.6 mln euros, above Visible Alpha consensus of around 150 mln euros

** Citi analysts noted that management confirmed outlook despite the expected impact from the recent hurricane in Jamaica, while Equita also points to a "cautiously optimistic" tone in the analyst call

** "With further cost tailwinds into 2026 ... and a competitive top-line performance ... Campari is emerging as a stronger company within the European Spirits peer set," J.P.Morgan says in a note

** It raises its rating on the stock to "neutral" from "underweight" and ups its PT by 20% to 6.00 euros

** The stock is at the top of Italy's blue-chip index .FTMIB and the pan-European STOXX 600 .STOXX index

 (Reporting by Enrico Sciacovelli)

 ((enrico.sciacovelli@thomsonreuters.com))