Cantine Riunite & Civ continues to run, thanks to a turnover that reaches 280 million euros, up 4% on the previous year. Inside the splendid Albinea Canali winery, the general meeting of the members of the Emilian cooperative approved the financial statement for the year ended 31 July 2024, with the consolidated Group, which includes the performance of the subsidiary Gruppo Italiano Vini S.p.A. and foreign distribution companies, such as the French Carniato and the American Frederick Wildman and Sons, which reached almost 700 million euros, confirming its leadership in Italian wine.
The 2023/24 balance sheet of Cantine Riunite & Civ
President Corrado Casoli, Vice President Claudio Biondi and General Manager Gabriele Lechthaler presented the results of the 2023/24 financial year of Cantine Riunite & Civ.
In the 12 months, the Emilian cooperative recorded a turnover of approximately 280 million euros, with a growth of 4%, closing with a net profit of 2.9 million euros and an increase of 40% on the previous financial year, entirely allocated to indivisible reserves.
Particularly comforting data, the company reports, considering the global context in which Cantine Riunite & Civ operates. Numbers that have allowed the Emilian cooperative to strengthen its net equity, which at the end of the financial year exceeds 203 million euros, also recording an improvement in the net financial position and all economic and financial indicators.
The members were awarded an average distribution price of 51.13 euros per quintal, which they considered satisfactory given the increase in management costs of their agricultural businesses.
Exports grow by 6.5%, in Italy +2% between on and off trade
On the export front, growth in value was around 6.5%, confirming the international vocation of Cantine Riunite & Civ, as well as the leadership in some markets where significant growth was achieved such as in North America (+22%), Central America and the Caribbean (+26%), South America and China (+ 90%) and Europe (+10%).
On the Italian market, performance was positive with growth in value of around 2%: consumption, although deflation has been observed since June 2024, was strongly influenced by the climate of uncertainty and lower purchasing power of families, both on the modern channel and out of home.
In Italy, Cantine Riunite & Civ continued to invest in TV, radio and web communication for the Maschio, Riunite, Righi and Cavicchioli brands. On the commercial offer front, the Lambruschi Riunite line for the international market has been revisited and the product range of Umberto Cavicchioli e Figli, a brand dedicated to the Horeca channel, has been finalized with a new line of sparkling wines and a new line of ancestral methods.
To meet the new and different needs of consumers, two alcohol-free products have been presented and proposed on the market: Maschio Zero and Riunite Zero, which have already seen strong development on the international markets and will be proposed in 2025 on the national market.
Furthermore, both the Albinea Canali winery and Foresteria Cavicchioli have been protagonists of numerous events that have had the aim of increasing awareness of the brand and enhancing Lambrusco and the Emilian sparkling wines, appreciated for their quality and typicality.
Cantine Riunite & Civ: Group consolidated turnover aims at 700 million euros
Cantine Riunite & Civ made investments in its production sites in Emilia and Veneto for a total of 8.5 million euros in the financial year just ended, in order to improve environmental sustainability and boost production capacity. Investments in communication and advertising on national and international markets were also significantly increased by over 7.5 million euros.
The financial commitment supported by the cooperative was functional to strengthening its leadership in Emilia sparkling wines, such as Lambrusco and Pignoletto, as well as in Prosecco, to the benefit of the 1,400 member producers and grape suppliers.
The Cantine Riunite & Civ Group, which includes the subsidiary Gruppo Italiano Vini S.p.A., a leading company in the production of quality Italian wines, and foreign distribution companies, such as the French Carniato and the American Frederick Wildman and Sons, estimates that it will close the year 2024 with a consolidated turnover of over 700 million euros, confirming its leadership in Italy.
