The group also budgeted moderate growth of its spirits and wine business for 2021, expecting the first half of next year to be difficult, as a result of the COVID-19 pandemic effects. In the second half, the market should start to rebound, with the help of the vaccine, believes Stelios Savva, Alexandrion Group CEO.
“We’ve budgeted a moderate growth of our business for 2021, some it coming from the organic development of the existing products and some from launch of new products planned for next year.”
Alexandrion Group is the largest local spirits producer by revenue. It also has import operations and makes wine.
Alexandrion will end the year with growth of 15% in gross revenue to EUR100 million, Stelios Savva said.
(English version by Loredana Fratila-Cristescu)