Q3 2025 Purcari Wineries PCL Earnings Call Transcript
Key Points
- Purcari Wineries PCL (BSE:WINE) achieved a second consecutive quarter with sales exceeding RON 100 million, indicating strong commercial performance.
- The company reported a significant recovery in its own harvest, increasing from 9.2 million kilograms last year to 13.6 million, reflecting improved operational efficiency.
- EBITDA reached close to RON 85 million with a 28% EBITDA margin, aligning with historical performance levels.
- Purcari Wineries PCL successfully launched new products, including the group's first Prosecco under the Wine Crime and Motiv brands, expanding its product portfolio.
- The company experienced strong revenue growth, with a 14.7% increase in 9-month sales compared to the same period last year, demonstrating robust market demand.
- Purcari Wineries PCL faced pressure from higher bulk wine prices and last year's harvest, impacting cost structure.
- There was a slight erosion in gross margin compared to 9 months 2024, although it remained close to historical averages.
- The company experienced non-monetary financial losses largely due to foreign exchange fluctuations, affecting net profit.
- SG&A expenses increased significantly, with a 38% rise in the third quarter, driven by factors such as the RetuRO waste management system and salary increases.
- The company's net profit margin was affected by one-off adjustments and changes in accounting treatment, leading to a lower reported profit for the 9-month period.
Ladies and gentlemen, welcome to Purcari Wineries Conference Call for the Third Quarter 2025 Financial Results. Thank you for joining us today. My name is Victoria Moldovan, Senior Investor Relations and ESG, and I will be hosting today's call.
Before we begin, I will do a small disclaimer. Please note that this presentation is for information purposes only. It does not represent an offer or recommendation to buy or sell any securities of Purcari Wineries. Some statements we may discuss are forward-looking and involve risks and uncertainties, meaning actual results may differ. These statements are based on assumptions and should not be seen as predictions or guarantees of future performance.
This presentation does not include all information relevant to the company, and each participant should make their own independent assessment. Additionally, if you have any questions during the presentation, please feel free to write them in the chat or address them during the Q&A session at the end.
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