Q1 ‘24 Financial Report: Purcari revenues up 11% in Q1 and 18% in the first four months of 2024

Purcari Wineries PCL (“Group”, “Company”), CEE’s leading wine producer, announced today its financial results for the first quarter of 2024. The Group’s revenue grew by 11% in Q1 ‘24, reaching RON 81.6 million, despite the high base of the same period in 2023, given the shift in timing of the Orthodox Easter. For the four months of 2024, normalizing for the Easter timing, the revenue growth reached 18% year-on-year. EBITDA rose to RON 23.1 million in Q1 ’24, a margin of 28%.

“We have had a good start of the year and are pleased to see ongoing strong demand for our brands, showing in consistent market share gains in our key markets. As inflationary pressures ease and the effects of the strong harvest in 2023 trickle in, we are seeing also more headroom for improving margins”, said Victor Bostan, CEO of Purcari Wineries.

The Report and other related financial materials can be accessed here.