Zonin1821 posts record financial results

The Vicenza, Italy-based wine-growing company Zonin1821 has posted record financial results for 2016. The company closed the year with 3.7% year-on-year growth in consolidated value of production (193.3 million euros), of which 86% was generated by exports and 14% by domestic Italian sales.

EBITDA reached 14.36 million euros (compared to 11.26 million euros in 2015) and EBIT 10.68 million euros (6.66 million euros in 2015).

The Group’s earnings rose to 5.1 million euros (641,000 euros in 2015). The results confirm the company’s excellent state of health, largely thanks to the contributions of the foreign subsidiaries Zonin1821 USA (2016 revenues US $64 million), Zonin1821 UK (£39.2 million), Zonin1821 China (8 million yuan) and Barboursville Vineyards (US $7 million). Zonin1821 has doubled its turnover in the space of six years and expects to reach a value of production of 235 million euros in 2018.