In a news release issued Monday, the company pins the situation on the slow recovery of receivables from the market, which reduces liquidity and burdens debt repayment.
The winemaker added it will continue the development strategy.
For 2011, the company recently reported a 32% increase in turnover, to 185 million lei (EUR42 million), from RON140 million in the previous year.
Other major players on the local wine market include Cotnari, Jidvei, Vincon Vrancea and Cramele Recas.