Purcari Wineries posts 19 percent higher net profit in 2019

Bucharest-listed Purcari Wineries, one of the largest wine producers in Central and Eastern Europe (CEE), announced its revenues increased by 18% year-on-year to 42 million Euro in 2019, while its EBITDA and normalised IFRS net income surged by 25% and 19% respectively, to 14.3 million Euro and 9.4 million Euro respectively.

“We continued to deliver on our ambitious growth plans and we look forward to sustaining that momentum in 2020 too. In 2019, we invested in expanding our capacities, modernising our production, and creating a solid base for future growth. We have a number of exciting innovations in the pipeline and count to see the payback from them in the coming years,” said Victor Bostan, CEO Purcari Wineries, Romania Insider reads.

The company projects its revenue will grow by another 16-20% this year. Purcari Wineries owns the Purcari, Crama Ceptura, Bostavan and Bardar brands.