Italian Wine Brands Posts Higher First-Half Profit; Net Debt Improves

(Alliance News) – The board of Italian Wine Brands on Friday approved its first-half report, closing the period with a net profit of EUR10.3 million, up from EUR9.1 million recorded in the first six months of 2024.

Sales revenues stood at EUR185.1 million, down from EUR191.2 million in the same period last year.

Reported EBITDA reached EUR21 million, showing a slight increase from EUR20.3 million.

The company reported an improvement in net financial debt, which as of June 30 stood at EUR90.5 million, a decrease of EUR17.6 million compared to June 2024.

On Friday, Italian Wine Brands shares were flat at EUR21.90 each.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com