Purcari Wineries Group took part in the Moldova-Bulgaria Economic Forum

We are excited to share that Eugeniu Baltag, FCCA, Investor Relations Director, represented Purcari Wineries Group during the Moldova-Bulgaria Economic Forum. Within his presentation, he brought forward some insights on the Group’s 2023 activity as well as some strategic directions for 2024. 
 
As a Group, Purcari showed a strong historical growth in terms of financials, growing sixfold in revenues in 2023, registering RON 369.4 million compared to the pivotal year of 2014, when the business shifted its focus from Eastern to Western markets, registering RON 60 million in Net Profit. Given the topic of the Forum, Eugeniu also elaborated on the Group’s recent acquired asset – Angel’s Estate, a full cycle winery located in Bulgaria, as well as the Company’s vision to develop and grow the winery not only as a leader on the local market, but on a global scale as well.
 
More insights were brought on the Group’s sustainable investments, Purcari Winery becoming the first winery in Moldova that implemented an intelligent, fully automated subsurface drip irrigation system at ~300 ha of its vineyards. The Group also installed on its premises collectively ~1MW worth of solar panels, ensuring ~ 25% of the Group’s required energy consumption from sustainable sources.
 
Lastly, Eugeniu commented upon Purcari Wineries’ guidance, remaining ambitious for 2024 and expecting a 20%-24% growth in the Group’s core wine business and around 16%-20% growth for the whole Group, including it’s waste management recycling segment.
 
For more information on the forum, please see the following link: https://lnkd.in/dMEB6Dqu