AdVini: sales target missed in 2023

(CercleFinance.com) - Following a difficult final quarter in 2023, wine group AdVini reported a 3.
7% decline in sales for the full year, to 286.8 million euros (-4.1% on a like-for-like basis).

The second half of the year failed to meet the minimum target of 300 million euros set for the year. Price increases over the year were insufficient to offset both the cost increases incurred and market volume declines.

'The general situation, both political and economic, and on all continents, calls for prudence, agility and the ability to react to market shocks, and makes forecasting very difficult', he warns for 2024.

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