Campari Group H1 sales rise 2.7% as Aperol, Campari and Espolòn drive growth
Campari Group strengthened its market position across Europe and North America as demand for its aperitif portfolio continued to expand.
ITALY – Campari Group reported solid first-half results for 2026, with organic net sales increasing by 2.7% to €1.51 billion (US$1.73 billion) as strong demand for Aperol, Campari and Espolòn supported growth across key international markets.
On a reported basis, net sales declined by 1% compared with the same period in 2025, reflecting the impact of unfavourable exchange rate movements and portfolio adjustments.
Adjusted earnings before interest and taxes (EBIT) increased by 1.8% on a reported basis and by 8.5% organically to €358 million. Reported EBIT, however, fell by 27% to €249 million (US$286.59M), while adjusted net profit rose by 4.7% to €226 million (US$260.12M). Statutory net profit declined by 37.7% to €129 million (US$148.48M).
Chief executive officer Simon Hunt said the company remained on course to achieve its long-term objectives.
“We are delivering on our strategy and growing with solid results in the first half of 2026 in terms of organic topline, profitability and solid balance sheet. At the same time, we are growing and gaining share across all our key markets driven by our priority brands,” Hunt said.
The House of Aperitifs division accounted for 49% of the group’s total sales and delivered organic growth of 4%. Aperol sales increased by 3.3%, while Campari recorded growth of 2.3%. Other brands within the division expanded by 8.8%, supported largely by the performance of Sarti Rosa in Germany.
The House of Agave portfolio, representing 10% of total revenue, recorded growth of 6.9%. Espolòn Tequila led the division with an 8.2% increase in sales.
Meanwhile, the House of Cognac and Champagne segment expanded by 4.6%, driven by a 6% increase in Courvoisier sales, supported by demand in emerging markets and the Asia-Pacific region.
The House of Whiskey and Rum division reported a 6% decline in sales, reflecting weaker demand for Wild Turkey and supply constraints affecting Russell’s Reserve. The company’s Jamaican rum portfolio, including Appleton Estate, recorded modest growth of 0.2%.
Regional performance remained positive, with European sales rising by 1.9% and North American sales increasing by 2.6%. Developing markets, including Brazil and Argentina, recorded the strongest growth, with sales increasing by 9.1%.
Hunt said the company would continue to focus on strengthening its portfolio and expanding into new markets.
“Our strategy of fewer bigger bets, including disposal of non-priority brands, innovation, and geographic expansion is gaining traction while we continue to drive efficiency across each line of the P&L,” he said.
Campari Group also raised its outlook for 2026 and expects organic sales growth of approximately 3% for the full year.
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