Faenza, December 20, 2024 – This morning in Faenza, the shareholders’ meeting of the Caviro Group approved the financial statements for the year ended August 31, 2024. The Group reported consolidated revenues of €385 million, a decrease compared to the previous year, but maintained stable financial metrics (EBITDA at €34.3 million, up +3.4% from the previous year, and net financial position at €80.3 million). The Group demonstrated its ability to generate income while achieving a managerial balance between its “Wine” and “Materials and Bioenergy” sectors.
“This past fiscal year,” commented President Carlo Dalmonte, “has seen Caviro engaged in overcoming various challenges, primarily restoring value to the winegrowers in our social base. In this context, the Group, thanks to its financial solidity and prudence, has approved a financial statement aimed at protecting Caviro and its subsidiaries from the market volatility in the Materials and Bioenergy sector and mitigating supply chain risks beyond its social base.”
The repositioning initiative in the wine sector yielded encouraging results despite declining volumes. During the fiscal year, the Group outlined a five-year strategic plan focused on expanding global distribution and creating value.
“In line with the defined strategy, the wine division has been reorganized into two pillars,” added Giampaolo Bassetti, General Manager of Caviro Group. “On one side is Cantine Caviro, representing all the brands that showcase the excellence of our winegrowers from North to South. On the other side is Tenute Caviro, a concept that enhances territories rooted in Italy’s most prestigious wine regions, encompassing the Chianti and Valpolicella areas, where the Group operates proprietary companies through subsidiaries Leonardo Da Vinci Spa and Gerardo Cesari Spa.”
During the meeting, the renewal of the Board of Directors for subsidiary Caviro Extra was announced. Carlo Dalmonte was reconfirmed as President, and Valentino Tonini, who was appointed General Manager of the Caviro Group last May, was reappointed as CEO.
“Several initiatives have been carried out in the Materials and Bioenergy sector,” commented Tonini, “with a particular focus on the subsidiary Caviro Extra, both in terms of investments and organizational restructuring. A multi-year investment plan is underway to redefine the production site in Faenza, increasing industrial synergies and further enhancing the circular economy model.”
Investments aimed at improving production efficiency, energy savings, and ecological transition have been implemented across the Group, characterized by a high level of innovation and consistent with the Group’s ESG commitments.
