reached nearly ten percent revenue growth last year, Varga Winery
The Varga Winery increased its sales by about ten percent in 2018, which recently successfully participated in two prestigious international competitions, the owner of the company informed MTI.
Péter Varga said that the company's net sales in 2018 was approximately HUF 5 billion above HUF 400 million, while profits were around HUF 277 million according to preliminary calculations.
In addition, last year the company made an investment worth nearly half a billion forints and sold more than 14.5 million bottles of wine.
He indicated that the first few weeks of the year 2019 has been a unique success for the Varga Winery, which has been completed by the world's most prestigious six international competitions-at Vinales Internationales in Paris and the largest wine competition of the International Viticulture and Wine Organization (OIV).
At the former, three of the nine gold medals awarded to the participating Hungarian wineries and six of the 25 Hungarian gold were wines.
Varga Winery Ltd. was founded in 1993, currently operating on 200 hectares of vineyards, of which 125 hectares are around Badacsony, 20 hectares of Balatonaligán and 55 hectares in the Eger wine region. The number of their employees is 175. For more than a decade, Varga Winery has sold the most bottled wine in Hungary, nearly 15 million in 2018, which will be calculated in 2019 with a planned sales of around HUF 5.2 billion and about HUF 700 million.
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