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Angelli: Real growth opportunities reside in exports

20.04.2010, 15:52 7

Angelli Spumante & Aperitive sparkling wine producer in thefirst quarter of this year saw its sales volume go up to more than1.5 million bottles, with the value of sales also following anupward trend. "January was difficult, probably for all producers,but February and March brought us good results. (...) 2010 will bea tough year. We hope we'll keep the upward trend and exports willbe a very important part of our business, as they are one of thereal growth opportunities," said Alin Ursu, manager of AngelliSpumante & Aperitive. Starting as early as last year, exportshave fared well and offset the dwindling domestic market. Accordingto Finance Ministry data, the company reached turnover worth 18.9meuros in 2008 and 3m-euro profit. For the next four years, theproducer's budget is built around a 5-7% annual growth. "In overallsales, exports in the first few months accounted for around 10%,but this year we'll see renewed significant export growth (...),"Ursu also said. The company mainly delivers to countries such asHungary, Italy, Spain, Greece, Latvia.

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