Winemaker Purcari : demand for wine is holding well

Bucharest-listed Purcari Wineries, one of the largest wine producers in Central and Eastern Europe (CEE), announced its sales rose by 9% year-on-year in the first quarter (Q1) . The increase came despite a nearly 50% plunge in exports to China in the same period, due to the COVID-19 epidemic. Orders for April show moderate growth/flat trend, the company announced in a note to investors. The main drag on performance is the shutdown of the HoReCa ...

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