CEE\u2019s leading wine producer with operations in Moldova and Romania, Purcari Wineries – BVB: WINE, announced the group\u2019s revenue grew by 11% in Q1 this year, reaching RON 81.6 million.\u00a0<\/p>\n
EBITDA rose by 9% y\/y to RON 23.1 million in Q1, marking a margin of 28%.<\/p>\n
The company\u2019s net profit contracted by 15% y\/y to RON 10.8 million (EUR 2.2 million) in Q1, resulting in a 13% net profit margin, down from 17% in the same period last year. The key element leading to the drop in the bottom line was the financial result. The results from operations increased by 9% y\/y to RON 35.7 million.<\/p>\n
The company\u2019s market capitalisation was RON 590 million (EUR 118 million) on May 14, before the release of Q1 financials, after its shares rose by 53.7% y\/y.\u00a0<\/p>\n
The company is paying this year a dividend that, at the current price of the shares, accounts for a 3.7% yield.<\/p>\n
\u201cWe have had a good start of the year […]. As inflationary pressures ease and the effects of the strong harvest in 2023 trickle in, we are seeing more headroom for improving margins,\u201d commented Victor Bostan, CEO of Purcari Wineries.<\/p>\n
The group anticipates the discontinuation of the activity of the EcoSmart Union, the waste recycling business, following the development of the national Guarantee Return System. Ecosmart accounted for circa 8% of revenues and 4% of EBITDA and Net Income in 2023.<\/p>\n
The company revised its full-year forecast to revenue growth of +12-15% – lowered from +16-20%, reflecting Ecosmart adjustment. The revenue growth for the winery activity was maintained at +20-24%, while the projection for the EBITDA margin was also kept at 26-28%. The net income margin is seen as steady at 14-16%.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Vlad Ispas\/Dreamstime.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":" CEE\u2019s leading wine producer with operations in Moldova and Romania, Purcari Wineries – BVB: WINE, announced the group\u2019s revenue grew by 11% in Q1 this year, reaching RON 81.6 million.\u00a0 EBITDA rose by 9% y\/y to RON 23.1 million in Q1, marking a margin of 28%. The company\u2019s net profit contracted by 15% y\/y to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-85","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/85","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/85\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}