CRISIS “NOT A PROBLEM” FOR BIG ITALIAN NAMES
Sharing an article published in the Italian Weekly Wine News
Crisis “not a problem” for big names
Italian wine’s big names have been stronger than the crisis, with their 2011 turnovers all sporting a plus sign compared to 2010, according to the “Italian Main Companies” report by Mediobanca, which studies the results of some of Italy’s main industrial sectors.
Looking more closely at the data, the GIV-Gruppo Italiano Vini is by far on top of the ranking by turnover, closing 2011 with 368.4 million Euros (+12.4% over 2010), followed by Caviro with 246.7 million (+0.4%) and by Cantine Riunite-Civ (which controls GIV), with 161,3 million (+14.7%). Then come Cavit (151.5 million), Antinori (149.5 million,), Mezzacorona (148.6%), Martini (144.3) and Zonin (124.1 million and the highest growth, +17.1% over 2010).
Below 100 million Euros, but still growing compared to 2010, are the Santa Margherita group (91.3 million), Cantina di Soave (89.1), Botter (86,6), Frescobaldi (85,8), Cevico (83,1), Gancia (64,1), Banfi (61,9), Ruffino (56,7) and La Gioiosa (52,7). The best net operating margin, according to Mediobanca, belongs to Antinori, with 41.27 million Euros, and the worst to Gancia, with -2.17 million.
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