At the level of €38 million, approximately 18% higher compared to last year, Trinity Wines management has set the bar for this year's turnover.
As indicated in the financial statements, in line with the company's performance in the 8-month period and market conditions in Greece and abroad, affected by the international economic crisis, the current fiscal year shows an upward trend.
Regarding its performance metrics, the past year concluded with remarkable achievements. Turnover closed at +34% compared to 2021, gross profit at +43.83%, while profitability strengthened by 35.44% - 37.36%.
At the same time, the same capital amounted to €11.51 million, up from €7.68 million the previous year, with the total of the company's short-term obligations shaping up at the end of 2021 to €8.18 million from €6.55 million a year earlier. Of the short-term obligations, €1.661 million were related to short-term loans (compared to €1.127 million in 2021). Overall, bank loans decreased to €3.47 million from €4.53 million in 2020.
The management of the company, engaged in wholesale and retail trade of wines and spirits, proposed a dividend distribution of €2 million to the shareholders.
It is noted that last year Trinity Wines – whose major shareholders are Konstantinos Petrogiannis with 60% and Georgios Floudas with 40% – acquired a 51.11% stake in '2013 Nisos Emporio TROFIMON kai POTON EPE' (Wine Room) for a consideration of €450,000. The cellar located in Mykonos reported a turnover of €1.33 million and a net profit of €158,800 last year.
It is noted that last year it completed two significant investments in its infrastructure, totaling over €4 million. Specifically, it invested in proprietary warehouses spanning 3,000 square meters in the Kalivia area, and also in the acquisition of new offices in the same area, where it relocated in February 2023.
Last summer, Trinity Wines announced that it is bringing the wines of Domaine Matrot from Meursault, Burgundy, to Greece. Concurrently, it revealed its exclusive partnership with the Ultra-Premium mastic, Kleos Mastiha Spirit.
