STOCKS NEWS EUROPE-Campari hits 2-yr high; results strong

Wed Nov 11, 2009 9:43am GMT
 
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Shares in Italy's Davide Campari-Milano (CPRI.MI) rise more than 6 percent to a two-year high after the drinks company releases stronger-than-expected results.

"Results (are) significantly above expectations and of a very good quality," Milan broker Equita says in a note.

Campari's pretax profit rose 14.8 percent to 133.7 million euros in the first nine months of the year and EBITDA rose 21 percent to 177.8 million euros. [ID:nMAT011891]

Reuters Messaging rm://danilo.masoni.thomsonreuters.com@reuters.net

 

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