The net loss of PJSC Artweineri (formerly Artemivsk Winery, Kyiv), whose main facilities are located in Bakhmut, in 2022 was UAH 77.29 million, while the company finished 2021 with a net profit of UAH 47.17 million.
According to the company’s announcement of the annual meeting of shareholders on April 24, as a result, if at the end of 2021 the undistributed profits of Artvineri was UAH 75.46 million, then in 2023 the company met with uncovered losses of UAH 1.83 million.
The PJSC plans at the meeting of shareholders to compensate for the losses incurred by the company in 2022 at the expense of retained earnings, and to cover the losses not covered by it at the expense of future years’ profits.
According to the information, Artweineri’s assets decreased by 21% last year, to UAH 705.72 mln, including fixed assets – by 12.8%, to UAH 115.14 mln.
The company managed to decrease the total accounts receivable by 2.6 times to UAH 132.8 mln and reduce the current liabilities by 20% to UAH 445.92 mln, while maintaining a small long-term debt of UAH 7.1 mln.
In addition, the company increased its reserves by 2.4% to UAH 392.49 mln and free cash by 3.4 times to UAH 50.68 mln.
“Artweineri is one of the largest East European producers of sparkling wines by traditional bottling methods. Its capacity was 25 mln bottles annually. The company’s TMs are Krym, Artemovskoye, Krimart, Charte and Soloking. The company has export experience in more than 20 countries.
“NV Business” reported last September that Artvineri’s plant and warehouses in Bakhmut were mothballed, while the company set up bottling of the five most popular varieties of Artemovskoye at the production facilities of Tairov Winery’s partners.
