Bucharest-listed Purcari Wineries teams up with Moldovan organic wine maker Purcari Wines
BUCHAREST (Romania), May 24 (SeeNews) - Bucharest-listed Purcari Wineries [BSE:WINE] said on Monday that it has concluded a partnership with Moldovan company Les Terres Noires, which will supply it with grapes for organic, biodynamic and natural winemaking.
Les Terres Noires owns 25 ha of vineyard cultivated according to organic technologies in the Protected Geographical Indication region Stefan Voda in Moldova, Purcari said in a statement filed with the Bucharest Stock Exchange, BVB. The idea of a Purcari organic wine has been developing for a long time. Consumer and retail demand for such wines is meaningful and growing, Purcari general manager Victor Bostan said.
Bucharest-listed Purcari Wineries net profit rises 28% y/y in Q1 Purcari Wines
BUCHAREST (Romania), May 17 (SeeNews) - Bucharest-listed Purcari Wineries [BSE:WINE] said on Monday that its net profit grew by an annual 28% in the first quarter of 2021, reaching 10.3 million lei ($2.54 million/2.09 million euro).
The group sees its business performing strongly in the post-Covid market reality and, among other things, has been taking steps to capitalize on the increased online demand for wine, it said in a press release.
Purcari s EBITDA rose by an annual 13% during the first three months of the year, to 19.6 million lei.
Revenues were 8% higher year-on-year at some 49.8 million lei, with particularly strong performance in Romania, Ukraine and the Asian markets.
Bucharest-listed Purcari Wineries buys 10% of online retailer 8Wines Purcari Wines
BUCHAREST (Romania), May 14 (SeeNews) - Bucharest-listed Purcari Wineries [BSE:WINE] said on Friday that it has acquired 10% of Czech online retailer 8Wines.com.
Purcari will be the first external investor in the company’s capital and will be granted the option to further increase its participation at a pre-defined valuation during a set period of time, it said in a press release. In addition to this being a very compelling investment on its own, we see a significant strategic benefit for Purcari in building our
ecommerce capabilities, which are crucial in the post-Covid market reality. As a minority investor, we are committed to preserve 8Wines’ management autonomy, while bringing a valuable wine-producer perspective to the table, to the benefit of all 8Wine’s consumers and suppliers, Purcari chief operating officer Eugen Comendant said.
Bucharest-listed Purcari Wineries net profit jumps 49% in 2020 on GCC sale Purcari Wines
BUCHAREST (Romania), February 26 (SeeNews) - Bucharest-listed Purcari Wineries [BSE:WINE] said on Friday that its net profit grew by an annual 49% last year - to 60.44 million lei ($15 million/12 million euro).
Net profit in 2020 was supported by the gain from the sale of the group’s stake in Glass Container Company (GCC) to Vetropack Austria Holding in December, Purcari Wineries said in a statement filed with the Bucharest Stock Exchange, BVB.
EBITDA contracted by an annual 8% during 2020, to 60 million lei.
Revenues were 2% higher year-on-year at some 203 million lei, driven by modern trade channel, with particularly strong performance in Romania (+24%), Poland (+13%), Ukraine (+11%), Baltics (+19%), which compensated the drops in Moldova (-38%) and China (-44%).