Schloss Wachenheim AG - Konzern


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Solid business development for Schloss Wachenheim Group in first half of 2020/21

Wednesday, 17. February 2021

Trier, 17 February 2021. During the first half of 2020/21 (to 30 June), Schloss Wachenheim AG succeeded in raising its gross revenue by EUR 1.4 million to EUR 200.0 million. The development was driven by increases in Germany and East-Central Europe, although a downward trend was reported in France owing to the continuing impact of the coronavirus crisis. The number of bottles sold (converted into average 1/1 bottles) stood at 125.6 million, marginally below the figure for the first half of 2019/20 (127.3 million bottles).

 

Earnings before interest and taxes (EBIT) amounted to EUR 20.1 million (previous year: EUR 15.5 million) while consolidated profit rose from EUR 11.6 million to EUR 14.4 million. Consolidated net income was adversely affected by the repercussions of high wine prices linked to the 2017 harvest and shifts in the product mix during the first six months of the previous year. Falling advertising expenditure also served to enhance the result for the first half of 2020/21.

 

For fiscal year 2020/21 as a whole, Schloss Wachenheim AG expects gross revenues to stabilise across the Group. The company is working on the assumption of consolidated profit of between EUR 13.5 million and EUR 15.5 million in 2020/21 (against EUR 13.0 million in the previous year).

 


  • Press and media contact

    Engel & Zimmermann AG
    Katja Schwengler / Sybille Geitel
    Am Schlosspark 15
    82131 Gauting
    Germany

    Phone: +49 (0)89 8935633
    info@engel-zimmermann.de



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