Cantine Riunite & Civ: turnover +29%

by Tuesday, January 24, 2012

The 23 January the General Assembly Gathered cellars & Civ has approved the financial statements closed at 31 July 2011. The cooperative, the result of the merger in 2008 among the wineries Gathered in Reggio Emilia and Civ&Civ of Modena and with more than 2 thousand grape producers and partners 15 wineries associated in Emilia-Romagna and Veneto, He closed the year with total revenues for 179,5 million euros, — + 29% with respect to the 2010. Among the most significant data of the cooperative's balance sheet shows a net worth of 130,8 million euros, equal to 44,3 % of the sources, an EBITDA margin of 9,1%, with an operating margin of 10,3 millions, and a cash flow of 9,6 millions. The Assembly has also renewed the Board of Directors with the confirmation of Sam Carrick as Chairman and Rolando Chiossi as Deputy .

Cantine Riunite & CIV is a leader in the segment of Lambrusco and Pignoletto, and the Prosecco and semi-sparkling wines veneti with Treviso Male Cellars. an important contribution to this achievement comes from export, with the 40% of the total sales, interested in more than 60 countries worldwide. In Italy, Despite the overall decline in consumption, the Group continues to grow, especially with products cantinas (male). The result of the exercise then allows a good remuneration for growers who harvest 2010 had conferred 777mila quintals of grapes, that is an average price of over allotment 40 euros per quintal.


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