Campari surge on 'solid' FY beat

Davide Campari Milano NV

05/03/2026 09:35

** Shares in Campari CPRI.MI jump 8.7% after the Italian spirits producer reported on Wednesday full-year results ahead of expectations

** Yearly operating profit (EBIT) came at 637 million euros ($738.28 million), above the IBES estimate of 616.1 million; organic sales were up 2.4% versus consensus of 1.6% as cited by Jefferies

** Campari sees industry outperformance in 2026 with a continued pace of underlying growth

** "Solid beat," said J.P. Morgan in a note, also expecting a strong Q1

** "Strong finish," said Jefferies, noting stronger Aperol momentum and tight cost control

** Jefferies says the guidance points to broadly similar org sales growth in 2026

** J.P. Morgan expects only a small downgrade to consensus 2026 earnings given slower margin expansion and some currency and disposal headwinds

** Shares set for best day since late October 2025, if gains hold

** Stock among top performers on Stoxx 600 .STOXX

($1 = 0.8628 euros)

 (Reporting by Mirko Miorelli)

 ((Mirko.miorelli@thomsonreuters.com))