AdVini: 27% drop in annual net income


(CercleFinance.com) – AdVini publishes net income of 3.3 million euros for 2022, compared to 4.5 million the previous year, and a current EBITDA margin down 0.4 points to 7 .6%, mainly due to an increase in labor costs.

Sales for the wine group amounted to 297.8 million euros, up 6.3% (+1.2% at constant scope and exchange rates) following the acquisitions of BVC Bodegas (Spain) in April 2021 and Kleine Zalze (South Africa) in July 2022.

A dividend of 0.35 euro per share will be proposed at the AGM on June 16. The geopolitical context and the behavior of consumers in the face of new price increases on the markets require AdVini to be cautious with regard to the outlook for 2023 activity.

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