The net profit of private joint-stock company Artwinery (Donetsk region, formerly Artemovsk Winery) fell by 26% in 2018 compared with 2017, to UAH 49.39 million.
According to a company report on holding the annual general meeting of shareholders on April 24, its assets last year rose by 15.4%, to UAH 729.23 million.
Current liabilities grew by 27.2%, to UAH 365.41 million, total receivables – by 1.5 times, to UAH 221.33 million.
The company plans to approve the payment of dividends from the retained earnings for 2017 in the amount of UAH 60.13 million. Dividends will be paid in the period before October 22, 2019.
Artwinery is the largest Eastern European manufacturer of sparkling wines using classical champagne method. The plant’s capacity is 25 million bottles per year. Its trademarks are Krim, Artyomovskoye, Krimart, Charte, and Soloking. The company exports products to more than 20 countries.
The company said that its share of the Ukrainian sparkling wine market in 2017 totaled 20.6%.
The share of Artwinery, a large producer of sparkling wine in Eastern Europe, of the Ukrainian sparkling wine market totaled 20.6% compared with 19.4% in 2016, the company has reported. “The volume of production of sparkling Artvineri over the past year amounted to 10.26 million bottles against 12.3 million bottles in 2016. The average annual volume of export sales of sparkling wines of the company is about 15% of the total figure,” Marketing Director of Artwinery Yevhenia Stadnyk told Interfax-Ukraine.
According to her, EU countries (in particular Germany), the CIS countries (Russia, Azerbaijan) and the countries of Asia are promising directions for the company’s export development.
The marketing director pointed out that the wine materials for the production of sparkling wines come to the enterprise from the wine-growing enterprises of the Odesa, Kherson and Mykolaiv regions. In addition, there are wine materials of the Crimean peninsula of the 2012-2013 harvest in the reserves of the enterprise.
“The entire production cycle is located at a depth of more than 72 meters in underground gypsum tunnels, which keep the temperature and humidity constant all year round. The total area of the underground galleries used by Artwinery is over 25 hectares,” Stadnyk said.
She said that until now, there is no need to count on restoration of the sparkling wine market in Ukraine to the indicators of 2013, when the volume was 69 million bottles. Artwinery seeks to strengthen its positions on the Ukrainian market and further expand export geography.