Wine, Cantine Riunite-Giv at the top best performers

Sales leadership in 2020 is the prerogative of the Cantine Riunite-Giv group, with turnover of 581 million euros (-4.4% on 2019), clearly distanced from the second position held by another cooperative, Caviro from Romagna, whose turnover grew by 10%, approaching 362 million euros. The podium is completed by the Venetian Casa Vinicola Botter (230 million, + 6.4%). This is what emerges from the first joint report on the Italian wine & spirits sector of the Mediobanca Research Area, the Sace and Ipsos Research Department. Five other companies follow with revenues of over 200 million euros: the Tuscan Antinori, whose 2020 turnover of 215 million euros has suffered a decline of 12.5%, the thirty Cavit (2020 turnover of 210 million euros, + 9.6% on 2019), the Piedmontese Fratelli Martini (208 million euros, + 1.1% on 2019), Iwb (204 million, + 29.7%) and the Veneto-based Enoitalia which achieved growth of + 0.8%, reaching 201 million euros. With regard to the greatest increases in turnover in 2020, IWB dominates the scene with + 29.7% which places it ahead of Contri Spumanti with + 13.8%, in Caviro and Mondodelvino, paired with + 10%, in Cavit ( + 9.6%) and La Marca (+ 8.7%), to close with + 6.4% of Botter and + 5.7% of Schenk Italia. Looking at profitability (ratio between net income and turnover), 2020 sees the Tuscan and Venetian companies in the lead: Antinori (26%), Frescobaldi (24.5%) and Santa Margherita (24.2%). The recent acquisition of Iwb on Enoitalia forms a player worth around 405 million euros which would be second in Italy in 2020. The assets of the Clessidra fund (Botter and Mondodelvino) amount to around 353 million and would make it the fourth Italian producer in 2020, behind Caviro.

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