Davide Campari-Milano N.V. (CPR) — Stock analysis
EURCurrent price
5,65 €
0,09 € (+1.65%) today
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About Davide Campari-Milano N.V.
Campari Group is one of the world's leading producers of premium and super-premium spirits. Portfolio includes Campari, Aperol, Wild Turkey, Grand Marnier, SKYY Vodka and Espolòn Tequila. Founded in Milan in 1860 by Gaspare Campari, legal headquarters is now in Amsterdam with operational HQ in Milan. Distributes in over 190 markets. The Garavoglia family controls the group via Lagfin.
What does Campari Group do?▾
Campari Group produces and markets premium spirits worldwide. Its best-known brands are Campari (bitter), Aperol (aperitivo), Wild Turkey (American bourbon), Grand Marnier (French liqueur) and Espolòn Tequila.
Which exchange is Campari listed on?▾
Campari is listed on Borsa Italiana with ticker CPR. It is a member of the FTSE MIB index.
Does Campari pay dividends?▾
Yes. It pays a small annual dividend. Yield is typically 0.5–1%, low by choice: the company prefers to reinvest cash in brand acquisitions and geographic expansion.
Why does Campari make so many acquisitions?▾
Acquisition-led growth is a core part of Campari's strategy: rather than paying out most of its cash as dividends, it has historically reinvested to buy brands (such as Grand Marnier and Wild Turkey) and to take control of its distribution in key markets. That is why its dividend yield is modest. Whether that trade-off suits you is your call — Lucex explains the strategy, it does not recommend the stock.
What should I look at in Campari's fundamentals?▾
Common areas to examine include organic sales growth, gross and operating margins, net debt (acquisitions are often debt-funded), and the geographic mix of sales. Lucex brings these together in plain language around the position you hold — as information, never as advice.
Ownership and structure
Campari Group is controlled by the Garavoglia family through the holding company Lagfin, which holds a majority of voting rights — a long-term, family-anchored ownership that shapes the group's strategy and acquisition-led growth. The company is legally domiciled in the Netherlands with operational headquarters in Milan, and trades on Borsa Italiana as CPR within the FTSE MIB.
What drives Campari's business
Campari's growth has historically come from two engines: organic growth of core brands such as Aperol and Campari, and bolt-on acquisitions that add brands to its portfolio and expand it into new categories and regions. Things people track include the performance of its 'global priority' brands, the shift toward controlling its own distribution, pricing in premium spirits, and exposure to the aperitif occasion. These are context for reading its results — not a view on the shares.
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