Malamatina Winery has recorded an increase in turnover and profitability for the second consecutive year in 2023, strategically expanding its activities and maintaining a dynamic growth trajectory under its new management.

Specifically, the winery's turnover reached 9.73 million euros in 2023, compared to 7.24 million euros in 2022, representing an increase of 34.36%. It should be noted that the 2022 sales refer to a 10-month period, as the activity passed into the control of the Mantis Group on 01/03/2022.

In the last 10 months (2023 compared to 2022), there was an upward trend in the winery's sales, by 5% in Greece and by 35% abroad. In addition, sales of new products (Filioma, 4 Angels, Magic Box, 2303 REZINE) doubled in 2023 compared to 2022.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 1.43 million, up 46.45% compared to 2022, as a result, among other things, of the company's turnover growth in Greece and abroad, the expansion of its portfolio with new wine lines that are gaining market share, and investments that improve efficiency and effectiveness in production.

According to the company's CEO, Mr. Nikos Keranis, "Malamatina Winery has been on a trajectory of growth and radical renewal for the last two years, under the guidance of the Mantis Group. The positive results of 2023 confirm not only the correctness of our strategy but also the prospects for further dynamic growth in the future. Based on last year's strong performance, we have set the bar even higher for 2024. We continue with confidence in our capabilities and our portfolio in order to seize new growth opportunities in all our markets. Our strategic priority remains the expansion of the winery's portfolio with new, innovative products and the continued strengthening of the market shares held by our existing wines."