In 3Q/2023, revenues reached RON91 million, up 20%, while net profit hit RON18.2 million, up 26%.
“We are encouraged by the trends we see in our business, despite the difficult macro environment. With a strong balance sheet, significant investments in our brands, vineyards, and wineries, we are well positioned to accelerate our growth when the consumer sentiment starts improving”, said Victor Bostan, CEO of Purcari Wineries.
Purcari has RON534 million capitalization. In 2023, its shares have climbed by 57% amid RON66 million deals.
The group says that in the third quarter it saw a gradual improvement in margins, following a period of strong cost pressures, with EBITDA and Net Income margins reaching 30% and 20%, respectively, while maintaining a robust revenue growth of 20%.
„Encouragingly, the Company yielded a strong harvest of 14.8 thousand tons, the highest since listing, and processed a total of 22.8 thousand tons of grapes from 3rd parties, whilst benefiting from a slightly improved price environment compared to the last year”.
In line with the quarterly report, sales of end products in Romania reached RON130.6 million of the RON223 million total. The Republic of Moldova had a RON40 million contribution and Poland RON13 million.
(English version by Catalina Apostoiu)