MILAN (Reuters) – Italian spirits group Campari said on Thursday its third quarter like-for-like sales rose 4.4% at constant exchange rates, below analyst expectations, due to price normalisation and unfavourable weather conditions in Europe.
A company-provided consensus cited by analysts expected organic revenues in the three months to grow by about 8.4%.
Campari confirmed the group’s full year guidance of flat organic margin for EBIT-adjusted earnings.
(Reporting by Elisa Anzolin, editing by Giulia Segreti)
