Home » For Italian Wine Brands profits up 18.6% in the first half

For Italian Wine Brands profits up 18.6% in the first half

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Italian Wine Brands closed the first half with a net profit of 6.3 million euros, up by 18.6% compared to the same period last year. Revenues amounted to € 108.86 million (+ 12.35%). The contribution to growth was in particular provided by foreign markets, which marked + 9.5% compared to 2020, while the Italian market recorded substantial stability in volumes (+ 1.1%).

“We intend to continue with further acquisitions and we are also evaluating possible investment opportunities in shares of other companies operating in the production and distribution of wine products, in Italy and abroad – said the group’s CEO, Alessandro Mutinelli -. The acquisition of Enoitalia, which took place in July, allowed us to become the first Italian private wine group ».

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