“I believe next year will be better than 2021. We were the only winery in Romania not present in retail. We will probably list a single brand in retail. We can no longer be linked only to the hospitality industry, as there have been challenges during this period and losses logged during the months with restrictions top the increases registered during normal periods,” explains Dan Balaban.
He specifies that once products are listed in retail he wants this segment to bring around 20% of revenues, while the hospitality industry will remain the most important segment for the winemaker.
The entrepreneur plans to bet on wine tourism as well next year.
In September, the company completed two major investment projects worth EUR3.5 million.
During the pandemic, Davino business, operated through several companies, dropped to around EUR2.5 million. Dan Balaban previously stated 2019 turnover reached almost EUR4 million.
(English version by Catalina Apostoiu)