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Campari To Offer Shares To Employees From 2022, Says Unions

Published on Oct 14 2021 5:50 AM in Drinks tagged: Trending Posts / Campari

Campari To Offer Shares To Employees From 2022, Says Unions

Italy's Campari will offer employees the option of receiving a portion of their salaries in the group's shares starting from next year, the FIA CISL union said recently after giving its approval to th...

Italy's Campari will offer employees the option of receiving a portion of their salaries in the group's shares starting from next year, the FIA CISL union said recently after giving its approval to the drinks group's project.

The initiative will target the group's 4,000 workers and will give them the chance of getting bonus shares if they buy and hold shares for a certain period.

'More Informed'

The union said it would allow staff to share in the group's financial results and encourage them to be more informed and take decisions on Campari's future by attending shareholders' meetings.

"We hope other groups will take similar initiatives," FIA CISL said in a statement.

H1 Sales Jump

On 28 July, Campari announced that it beat first-half expectations with a 37% rise in sales as shops and restaurants reopened amid easing lockdowns, pushing shares in the Italian beverage maker to a record high.

Its January to June net sales of €1 billion ($1.18 billion) were also up by 22% from the pre-pandemic first half of 2019.

The company said that drinks consumption at home also helped boost sales.

The maker of the red Campari aperitif and orange Aperol liqueur said that adjusted earnings before interest and taxes (EBIT) rose by 89% on an organic basis to €223 million.

News by Reuters edited by Donna Ahern, Checkout. For more Drinks stories click here. Click subscribe to sign up for the Checkout print edition.

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