Vincon Vrancea up 3% in Q1, to 6m euros

Wine producer Vincon Vrancea posted sales worth 25.2 million RON (6 million euros) in the first three months of this year, up 3% against the same time last year. “The beginning of this year was very difficult for the wine industry, which on the one hand faced problems related to banks freezing lending, which affected both manufacturers and their distributors, and on the other hand, it was difficult for consumers, as well, who have become much more careful about the products they buy,” said Danut Ghejan, sales & marketing director of Vincon Vrancea. During the Easter Holidays, Vincon expects 10% higher sales than in the same period of last year. “Considering that in December 2008 – January 2009, the overall wine market went up by 8% against the same time last year, we expect sales will also be on the rise against the Easter period of 2008,” Ghejan added.