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| May 25, 2022 |
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PURCARI WINERIES PUBLIC COMPANY LIMITED - WINE

Guidance Profitability 2018

Release Date: 8/13/2018 8:15:25 AM

IRIS Code: 0DCCE

 

 

 

 

 

To:      Bucharest Stock Exchange (BSE)

cc: Cyprus Securities & Exchange Commission (CySEC),           Romanian Financial Supervisory Authority (FSA)

Announcement & Current report

Report date: 13 August 2018

Company name: Purcari Wineries Public Company Limited   

Headquarters: 1 Lampousas Street, 1095, Nicosia, Cyprus

Phone/fax no.: +373 22 856 035/ +373 22 856 022

Cyprus Trade Register Registration Number: HE201949

Subscribed and paid in share capital: EUR 200,000  

Regulated market where the issued securities are traded: Bucharest Stock Exchange, International shares category

Symbol: WINE

 

Update on Company’s year-end financial guidance on profitability

 

At a board meeting held on August 10, 2018, the Board of Directors voted to update the Company’s year-end financial guidance on profitability, increasing the outlook 1.0% to 34.0-37.0% for EBITDA and 24.0-27.0% for Net Income. 

The Company maintains the revenue guidance for the full 2018, with expected organic growth in the +24-28% range. At the same time, given the positive margin outlook, the Company increases the profitability guidance by 1.0pp upwards, to 34-37% EBITDA margin and 24-27% net income margin. The Company expects growth to accelerate in the crucial second half, which, given seasonality, typically accounts for 55-62% of annual sales. Growth acceleration has been noticed in actual July sales, with growth reaching 40%+ as well as August orders, up 25%+.

 

 

___________________

John Maxemchuk,

Executive Director



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