“Our strong results are a good illustration of how resilient our business is, also in light of economic and inflationary pressures. People continue to appreciate our wines as an affordable luxury. Many of our wines score among top-1% globally on Vivino, yet sell at a fraction of prices charged by some big-name Chateaux or Casa’s. Truly great wines don’t have to be prohibitively expensive, and our consumers learned to appreciate it. We will continue working hard to keep delighting them”, said Victor Bostan, CEO of Purcari Wineries.
Among the markets the company is present on, the biggest sales increase was registered in the Republic of Moldova, with 44% growth, while in Romania sales went up by 7%.
The new business segment, waste recycling management services, added around RON9 million to total revenues.
Among brands, Purcari boasted the biggest increase, of 9%, strongly supported by sales in the Republic of Moldova (+47%), while in Romania sales of this brand climbed by 5%.
The group manages around 1,350 hectares of vineyards and operates five production platforms in Romania and Moldova.
The company, founded by Victor Bostan, has a market capitalization of around RON371 million an dis around 20% controlled by Amboselt Universal Inc., with the rest belonging to other shareholders.
(English version by Catalina Apostoiu)