Purcari Wineries Plc wine producer has released today the results for the first half of 2019. Revenues were up 25% reaching 87.8 RON million, while adjusted EBITDA and adjusted Net Income increased YoY by 30% and 35% respectively, to 30.1 RON million and 21.1 RON million.
“Customers continue to appreciate the excellent quality at reasonable prices that we offer, which shows in our financials. It all starts with a great product and Purcari wine is just that. Take our Chardonnay de Purcari, 2018 vintage, which was awarded 97 points at Decanter London and a Platinum medal. In Romania it retails for circa 7 EUR shelf prince, while competing products with such scores often retail for 10 times that and more. If you’ll taste this product, you’ll understand more about our growth and financials than anything you’ll find in our spreadsheets”, commented Victor Bostan, CEO of Purcari Wineries.
“It has been an extremely rewarding first two months with the Purcari team. I am impressed about what I found here and also about the huge potential we still have ahead of us. As we continue scaling the company, we set very ambitious targets for ourselves and the 1H results are a testament to the hard work put in by the team. We don’t plan on slowing down”, added Eugen Comendant, COO of Purcari Wineries.
Purcari Wineries Plc (Purcari, Crama Ceptura, Bostavan and Bardar brands) was founded in 1827, managing around 1,400 hectares of vineyards and operates four production platforms in Romania and Moldova. Purcari has a 30% share on the premium wine segment in Romania and it is and the largest wine exporter from Moldova, delivering to over 40 countries.