Romania · Delayed Price · Currency is RON Purcari Wineries Public Company Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 15% year-over-year to RON 425 million, with EBITDA at RON 114 million and net profit at RON 51 million, despite Forex losses and higher OpEx. Major CapEx investments and integration with Maspex support future growth, with 2026 guidance targeting 10-15% revenue growth.
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Sales exceeded RON 100 million for the second consecutive quarter, with strong growth in core markets and robust financial performance. Net profit and EBITDA margins improved, and the Maspex takeover is expected to enhance growth once approved.
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Q1 delivered double-digit revenue and profit growth, with core wine sales up 17.7% and EBITDA margin at 26.2%. FX losses and higher interest costs weighed on net profit, but guidance is maintained and investments in capacity and brand are ongoing.
Fiscal Year 2024
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Revenue grew 3% year-over-year, with EBITDA at RON 107 million and net profit at RON 57.4 million, both impacted by one-off items and EcoSmart deconsolidation. 2025 guidance targets 12–17% revenue growth, with continued investment in efficiency and new markets.
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Revenues grew 4% year-over-year to RON 262 million, with core revenues up 14% and gross margin at 47%. Despite lower grape harvests and FX headwinds, EBITDA margin improved to 33%, and the group remains on track to meet its 2023 guidance and ambitious 2027 targets.
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Ambitious plans target doubling sales and EBITDA by 2027, driven by premiumization, regional expansion, and operational excellence. Strategic investments in sustainability, technology, and talent underpin growth, while M&A remains a key lever for new market entry and scale.
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Revenue grew 3% year-over-year, with core wine and brandy sales up 12% and gross margin reaching 51% in Q2. EcoSmart operations were discontinued after a legal penalty, and guidance was revised downward, but profitability remains strong and management is focused on sustainable growth.