Viña Concha y Toro First Quarter net profit grew 8

Viña Concha y Toro First Quarter net profit grew 87.3%


May 04, 2021
Santiago, Chile --Viña Concha y Toro announced consolidated financial results of the first quarter of 2021, with important growth in sales, EBITDA and net profit, as well as an expansion in its margins.
Consolidated revenue increased 8.2% in the quarter, driven by an overall volume growth of 10.8% and mix improvement, which translated into higher average prices. As such, EBITDA margin expanded 310 basis points. Largely reflecting these solid operating figures, net profit grew 87.3%.
Eduardo Guilisasti, CEO of Viña Concha y Toro, highlighted: “We are very satisfied to present another quarter of strong results for Viña Concha y Toro. In the 1Q21, our financials reflect broadly the delivery of our commercial strategy, in place since 2018, with a greater premium focus on those brands and markets that have the highest potential for value and profitability growth. In the period, our operations continued to work with relative normality and in compliance with protocols established by authorities and internal measures to prevent contagion in the scenario of the pandemic.”

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