Campari says U.S. tariffs impact not as bad as feared

(Reuters) -Italian spirits maker Campari said on Wednesday that the impact of tariffs on its sales had not been as bad as feared and confirmed its full-year guidance while posting a 4.4% rise in comparable quarterly net sales.

The maker of Aperol continues to expect a moderate organic net sales growth and a "flattish organic trend" for its adjusted operating profit in 2025, now including an impact of around 15 million euros ($17.5 million) from US import tariffs.

The figure is lower than the upper end of its previously estimated range between 4 million and 45 million euros.

"We remain fully confident in the delivery of long-term sustainable growth and continuous financial deleverage," Campari chief executive Simon Hunt said in a statement. The group will update investors during a strategy day on November 6 and 7.

Its adjusted earnings before interest and taxation (EBIT) in the July-September period, the peak season for its popular aperitifs, stood in at 165.6 million euros, above a Visible Alpha analysts consensus of around 150 million euros.

($1 = 0.8575 euros)

(Reporting by Enrico Sciacovelli, editing by Matt Scuffham)