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Campari has a strong brand portfolio with premium drinks, appealing to the upper middle class and is therefore less sensitive to recessions. The company has little exposure to Asia, leaving room for future growth in this massive untapped market. Campari has achieved impressive organic growth, with a +40% increase in 2022 compared to pre-pandemic levels, and long-term growth prospects look promising.

Campari Group saw impressive organic revenue growth in Q1, with a strong performance in the US market. The company reiterates guidance for a flat organic EBIT margin in the current year, but there may be downside risks to consider. Campari's focus on M&A is expected to intensify; however, we should consider higher interest rates.

Kunze-Concewitz, CEO of Campari Group, says its brands are "on fire" and spirits are an affordable luxury.