Today, Italian spirits group Campari released its full-year fiscal results, showing an overall 2.4% organic growth in net global sales. However, the company warned that it expects 2025 to be a “transition year” due to the impact of U.S. tariffs.
Campari’s CEO, Simon Hunt, who stepped into the role two months ago, told investors he expects a potential 12-month financial impact from the 25% tariffs on imports from Mexico and Canada. “Campari Group delivered positive results and outperformance vs competition again in 2024, which was a challenging year marked by the cyclical impacts of macroeconomic and geopolitical volatility.”
Looking forward, Hunt said “following a transition period in 2025, we are very confident in our ability to deliver long-term sustainable outperformance…Our leadership position in aperitifs presents an ever-growing opportunity given evolving consumer trends which, combined with our tequila and premium spirits portfolio, also have significant potential for geographic expansion globally.”
In January, the company announced that it would pause its pursuit of M&A opportunities due to the anticipated impact of U.S. tariffs. “I wouldn’t say never, but I’d say for the next couple of years, few years, (the priorities) I see are deleverage, focus on our core portfolio and really optimize the brands that we have already acquired,” Hunt said.
Campari’s last major deal was worth $1.2 billion in 2024.
By CEO NA Editorial Staff
