Purcari Wineries Public Company Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company reported revenue of RON 33,856,540 compared to RON 27,877,662 a year ago. Result from operating activities were RON 8,263,880 compared to RON 6,727,812 a year ago. Profit before tax was RON 7,018,730 compared to RON 5,795,544 a year ago. Profit attributable to owners of the company was RON 4,939,712 compared to RON 4,175,326 a year ago. Adjusted EBITDA was RON 11,044,525 compared to RON 8,132,932 a year ago. EBITDA was RON 10,207,530 compared to RON 8,132,932 a year ago.

For the year 2018, the company expects organic revenues growth guidance in the range of 24% to 28%; EBITDA margin guidance in the range of 33% to 36% and net income margin guidance in the range of 23% to 26%, assuming no Fx improvements.