Matthew Glenn’s Post

First Half 2024 | Key Highlights Solid growth was driven by Global Priority brands, primarily in the Americas while EMEA remained resilient despite the impact of very poor weather. Continued industry outperformance leveraging strong brand momentum, particularly in aperitifs and tequila. Aperol Spritz was selected as the most popular cocktail in the US and was also a top drink trend in Germany. Campari Group delivered a solid performance in the first six months of 2024 with organic growth of +3.8% in net sales, accelerating in the second quarter (+6.9%). Growth was driven by continued strength in aperitifs led by Campari and Aperol, especially in the Americas and Germany, while the rest of EMEA was impacted by very poor weather, as well as double-digit growth in Espolòn and Grand Marnier in the US. EBIT-adjusted grew by +2.1% organically, with -40bps margin impact vs H1 2023 mainly due to the negative mix effect on gross margin of fast growth in Espolòn and the impact of very poor weather in EMEA on high-margin aperitifs. • Net sales of €1,523.4 million, up +3.8% organically and +4.5% on a reported basis including perimeter impact of +1.2% driven by Courvoisier and agency brands and FX effect of -0.5%. • EBIT-adjusted of €360.0 million, up +2.1% organically and +0.1% on a reported basis, with a margin of 23.6%. • EBITDA-adjusted of €418.8 million, up +3.5% organically and +1.9% on a reported basis, with a margin of 27.5%. • Group net profit at €219.7 million, up +1.3% on a reported basis. Group net profit-adjusted of €239.0 million, up +2.2%. • Net debt to EBITDA-adj. at 3.5x on a reported basis (including earn-outs and put options for a total amount of €333.6 million as well as incorporating first-time consolidation of Courvoisier). 

Another year of best-in-class strong and profitable growth, consistently delivering on strategy: - Solid brand momentum driven by aperitifs, tequila, and bourbon, continuing in the fourth quarter - Sustained and continued industry outperformance, driven by the US, core European markets as well as Asia - Third consecutive year of double-digit organic growth across all operating profit indicators, underpinned by pricing across the portfolio, more than offsetting input cost inflation, and sustained reinvestment into brand building and strengthening of commercial capabilities - Continued progress on the Sustainability agenda with an upgrade in the CDP Climate Change Questionnaire Rating from B to A- in the second year of disclosure  - Proposed full-year dividend of €0.065 per share, an increase of +8.3% vs. the previous year - Net sales of €2,918.6 million, up +8.2% on a reported basis - In the full year organic growth of +10.5%, thanks to solid brand momentum, in particular aperitifs, tequila, and premium bourbon, and industry outperformance (+10.6% organic growth in the fourth quarter) Campari Group To The Next Level 🚀

Elevating Quality on a Global Journey

Sponsorships are selling like hotcakes for our fifth annual PBC Conference! Get one before they are gone and join the fun on September 4-5 in Washington, D.C. at the Capital Hilton Hotel! For more information or to speak to our sales team, visit our website! #PBCcommunity #PBCconference #PBCnews #payments #banking #compliance #cannabis #cannabisbanking #cannabispayments #cannabiscompliance #cbd #hemp #cannabisbankingecosystem

It was great chatting with Diageo's Director of Sports, North America, Rick Pineda, in Vegas back in February for Super Bowl LVIII as part of Brand Innovators' Sports Marketing Upfronts. We discussed Diageo's partnership with the National Football League (NFL), how brands can make an impression with their sponsorship activations, and why data analytics is crucial for measuring these campaigns. Watch our conversation here: https://hubs.la/Q02tX_8y0

What's New to TheStreet... 🍸 Pernod Ricard Faces Hurdles Ahead 🍸 The maker of Absolut Vodka, Pernod Ricard, anticipates ongoing challenges in the U.S. and China. While they expect sales to return to growth by fiscal 2025, the first three months are predicted to be sluggish. 📉🌍 How do you think these challenges will impact the global spirits market? Share below!👇🏻 👉🏻Follow New To The Street for more! #absolutvodka #market #challenges #innovation #businessupdate #businessnews #business #news #newtothestreet

What's New to TheStreet... 🍸 Pernod Ricard Faces Hurdles Ahead 🍸 The maker of Absolut Vodka, Pernod Ricard, anticipates ongoing challenges in the U.S. and China. While they expect sales to return to growth by fiscal 2025, the first three months are predicted to be sluggish. 📉🌍 How do you think these challenges will impact the global spirits market? Share below!👇🏻 👉🏻Follow New To The Street for more! #absolutvodka #market #challenges #innovation #businessupdate #businessnews #business #news #newtothestreet

Here’s a masterclass in combining two established brands to create something extraordinary: Let's take a moment to consider why brands like Oreo and Coca-Cola are so loved. Each has its own distinct strengths, rich history, and loyal following. Oreo's the ultimate late-night snack. And Coke’s timeless taste takes us back to those carefree days of childhood, using your allowance to get a cold drink at a corner store. When two brands have such powerful personalities, they shouldn’t be blended into one—they each deserve their own spotlight. As business owners, we can take valuable lessons from this kind of partnership. Merging two companies requires careful attention and the right expertise to succeed. The key lies in identifying and celebrating the strengths of each business. You want to create a synergy where both brands shine in their own right. It’s not about compromising what makes your business special. It’s about amplifying those qualities by aligning with the right partner. Individually, we are strong, but collectively, we can create something truly extraordinary—perhaps even something irresistible. Are you ready to take your business to superstardom? Send me a message. #Besties #CocaCola #Oreo #Merger https://lnkd.in/dGaQUzdi

Quick question: Does anyone in my network work for Campari Group OR know anyone that does in the partnerships / creative departments? Thanks in advance!

If you had any doubts about the staying power of the non-alc category, the latest moves from strategics will change your mind. In just the last 60 days, we’ve seen some exciting developments: ✅ Diageo acquired Ritual Zero Proof ✅ Pernod Ricard invested in Almavé Tequila ✅ LVMH backed French Bloom As the CEO of a non-alc brand, it’s incredible to see these major players doing more than just paying attention—they’re placing meaningful bets, signaling that the category is real and here to stay. Of course, those of us building in this space have always believed that 😉.. but now we’re seeing it reflected across the entire value chain. Retailers like Sprouts, Target, and Total Wine are expanding their commitment to non-alc by carving out prime shelf space. Investors are solidifying their theses, and now the strategics are stepping in. The proof is in the pudding. These moves—whether it’s investment or increased shelf space—are all a reflection of growing consumer demand. It’s an exciting time to be part of this movement, and the momentum is only building from here! #NonAlc #BeverageIndustry