Abrau-Durso

Main article: Russian wine

Abrau-Durso Group of Companies is one of the oldest enterprises in the wine industry in Russia.
2023:
Chief winemaker, director of winemaking - Georges Blank

Performance indicators

2023: 58-fold profit growth to RUB 1.08 billion

Net profit of Abrau-Durso in 2023 increased 58 times and reached 1.08 billion rubles (according to Russian accounting standards/RAS). The revenue of the producer of quiet and sparkling wines during this time increased by 65%, to 439.5 million rubles. Such figures are contained in the statements that the company released in early April 2024.

According to Kommersant, citing materials from Abrau-Durso, in 2023 the company's cost of sales in 2023 reached 365.6 million rubles, which is 8.8% more than a year ago. Profit before tax at the end of 2023 turned out to be equal to $1.05 billion, while in 2022 the loss before tax was measured at 42.9 million rubles.

Unsplash

As of the end of 2023, Abrau-Durso Group of Companies produces sparkling and still wines, as well as other alcoholic beverages: tinctures, gins, vodka, bitters and cognacs.

The volume of production for 2023 by the beginning of April 2024 was not disclosed. In 2022, Abrau-Durso sold almost 54.2 million bottles of alcohol. The owner of the Abrau-Durso Group of Companies, Boris Titov, said in November 2023 that the company would produce more wine in 2023 than in 2022.

At least we will give an additive to the 54 million bottles that we produced last year. I think it will be a plus to the past. In terms of revenue, we will also fulfill the plan - today revenue is also growing. In terms of quality, we can say that this, of course, may not be a great, but very good year, "he said.

At the beginning of 2024, the Russian-Cuban production of rum began in the territory of the Krasnodar Territory in Abrau-Durso.^[1]

2022: Revenue growth by 22% to RUB 12.08 billion

The revenue of Abrau-Durso in 2022 amounted to 12.08 billion rubles, which is 22.35% more than a year earlier. Such data under IFRS were disclosed by the company's CEO Vladimir Maslovsky on April 11, 2023.

Net profit of Abrau-Durso in 2022 reached 1.7 billion rubles against 1.35 billion rubles in profit a year earlier (an increase of 25%). EBITDA increased by 23.55%, to 3.625 billion rubles (2.93 billion rubles in 2021). The debt/EBITDA ratio was recorded at 1.99 against 2.18 in 2021, EBITDA profitability remained at 30%.

Revenue "Abrau-Durso" at the end of 2022 amounted to 12.08 billion rubles

At the end of 2022, the Abrau-Durso group sold about 54.2 million bottles, which is 18.06% more than in 2021, of which 52.9 million bottles of alcoholic and non-alcoholic products were produced (18.5% more than in 2021).

As reported in the press release of the company, the sales of premium classic sparkling wines "Abrau-Durso" retained positive dynamics. The Imperial and Brut d'Or wine collections show steady growth, one of the drivers of which is the increase in demand in the HoReCa segment. High indicators were also recorded in the category of quiet wines - they amounted to 4.4 million bottles (22% higher than in 2021).

The group also noted growth in the segment of strong and soft drinks. In the portfolio of strong alcohol "Abrau-Durso" the successful launch was the gin "7 herbs," the record demand for which was recorded in the first six months of sales. The company's alcohol-free portfolio demonstrates significant results, primarily due to the active development of the online trading direction, including on marketplaces. Thus, the distribution of artesian water doubled, and Abrau Junior drinks - by 19%.^[2]

Aktivs

As of July 2022:

• Managing Company of PJSC Abrau-Durso (Moscow)
• Trading House "Abrau" (Moscow)
• Production of Abrau-Durso CJSC (Novorossiysk)
• Abrau-Durso Wine Tourism Center (Novorossiysk)
• Abrau-Durso wine atelier (branded boutiques in Moscow, Rostov-on-Don, Anapa, Tyumen, Samara, Krasnodar, Arkhangelsk, Voronezh, Novosibirsk and Irkutsk)
• Abrau-Durso Real Estate

Vineyard area. Geography

As of July 2022, the total capacity of the enterprise is 70 million bottles per year. The Abrau-Durso portfolio contained 6.2 thousand hectares of fertile land, of which 3.5 thousand hectares accounted for vineyards.
2023 Yubileynoye farm: 2226 hectares of vineyards (1700 hectares of fruit)

A set of grapes

Chardonnay, Riesling, Pinot noir, Cabernet Sauvignon, Pinot blanc

Wineries

The main direction of the development of the enterprise and its special pride is the production of aged champagne by the bottle method using French classical technology. Each year, the company can produce up to 6-7 million bottles of champagne and sparkling wines. traditions. "

The Abrau-Durso Group of Companies presents collections of wineries:

• "Abrau-Durso,"
• "Winery Vedernikov,"
• "Loza,"

and is also the official and exclusive distributor of international brands

• Mionetto Prosecco,
• Henkell,
• Torley и
• Freixenet.

Tourism

The Abrau-Durso resort has the Imperial Boutique Hotel, the Round Lake estate, the Abrau-Durso recreation center on the floodplains, 3 types of campsites, restaurants, and an active recreation area.

2023

Abrau Light Hotel opened

History

2023

In April, the presentation of its own vodka "7 cereals" was held

Appointment of Elena Zaritskaya as CEO

On November 1, 2023, Elena Zaritskaya, who previously headed the group's investment activities, became the official new CEO of Abrau-Durso. She replaced Vladimir Maslovsky, who headed the wine producer for ten years. He resigned of his own free will, his new place of work was not disclosed. Read more here.

Sale of Chateau d'Avize

The largest Russian producer of sparkling wines "Abrau-Durso" refused to own the French champagne house Chateau d'Avize. It was sold back in January 2022, but the deal became known only in March 2023. Read more here.

2022

At the end of 2022, 54.171 million bottles were sold. Revenue of the group of companies amounted to 12,076 billion rubles

2022: Plan to increase the supply to Russia of a subsidiary in Azerbaijan by 6 times

AzAbrau (an Azerbaijani subsidiary of Abrau-Durso) plans to increase wine exports to the Russian Federation 6 times in 2023. In 2022, 600 thousand bottles of wine were exported to Russia, the plan for 2023 provides for the supply of 3.5 million bottles.

Earlier, Abrau-Durso released two monosort wines from the autochthons of Azerbaijan. It is the red wine of "Madras" and the white wine of "Bayanshira."

2021

In December 2021, Abrau-Durso Group of Companies became the winner of an investment competition for the purchase of the Sheki Sharab wine factory in Azerbaijan.

On December 9, 2021, it became known that the Abrau-Durso group had created a new company through which it would engage in the restaurant business. We are talking about LLC Abrau-Resto"." here More. the company announced the start of sales of cosmetics from grape seed

At the end of 2021, a record 45.9 million bottles were sold, which is 11.8% higher than last year. Own production amounted to 44.6 million bottles of alcoholic and non-alcoholic products (12% more than in 2020).

The indicators of revenue and net profit according to the consolidated statements of PJSC Abrau-Durso according to IFRS standards were the highest in the history of the company - an increase of 15%, to 9.9 billion rubles, and 13%, to 1.35 billion rubles, respectively, compared to 2020. At the end of 2021, 45.9 million bottles were sold, which is 11.8% higher than last year.

At the end of 2021, EBITDA margin amounted to 32% (2.9 billion rubles) against 25% a year earlier (2.1 billion rubles). Diversification of the company's sales is also at a high level.

In 2021, Abrau-Durso, the first of the wine companies, received an A rating with a stable forecast from rating agencies: ACRA and Expert RA.

2020

The Yubileinaya winery was purchased to create wines from its own wine material (in connection with the adoption of Federal Law No. 468)

1870: Foundation of the estate by decree of Emperor Alexander II

The specific estate of Abrau-Durso was founded in 1870 by decree of Emperor Alexander II. The first agronomist of the estate was Fedor Heiduk, who proposed to arrange vineyards near Lake Abrau, planting famous international wine varieties on them.

Notes