Halewood hopes for 11m-euro sales next year

Halewood, one of the main players in the wine industry, in the
first 11 months of this year posted total sales worth 6.79m euros,
down 26% from the similar period of 2008. “We expect the sales
volume to contract by 12-14% in this period. This decline came amid
falling exports, the decrease of some traditional markets for
Cramele Halewood such as the Baltic States and the United Kingdom,
but also because of the shrinking domestic wine market in
August-October,” said Mihai Chitic, commercial manager of the
company. The producer projects 11m-euro sales for 2010, both
internally and abroad. On the other hand, the most downbeat
scenario of the company takes into account is for the “situation of
2009 to maintain in 2010″. For 2009, the company budgeted sales
worth 8.4m euros, down 17% from 2008, and income worth above
100,000 euros.