Purcari Wineries Plc (the “Group”), the CEE’s leading wine producer, announced today consolidated preliminary financial results for 2018. Revenues were up 19%, to RON 169 million, with EBITDA and IFRS Net Income increasing 48% and 58% respectively, to RON 63 million and RON 46 million. Adjusted for non-recurrent, one-off items, EBITDA and Net Income rose to RON 57 million and RON 40 million.
“It was exactly one year ago, to the day, that we excitingly rang the bell for our listing on the BVB and we are proud to conclude 2018 on a high note. We maintained a high level of growth, benefiting from the investments in quality which we have been making over the years. Consumers, especially the new generation, are becoming more discerning and sophisticated about wine, which puts us in a great position given the excellent value for money we are offering them and the aspirational nature of our brands. We have started 2019 on a strong note, have set ourselves bold plans for the year and look forward to continue delighting our consumers and meeting the high return expectations of our shareholders”, stated Victor Bostan, CEO of Purcari Wineries.
Purcari Wineries Plc (Purcari, Crama Ceptura, Bostavan and Bardar brands) manages around 1,000 hectares of vineyards and operates four production platforms in Romania and Moldova. It was founded in 1827 and as February 2018, the Group is listed on the Bucharest Stock Exchange.