Romanian wine producer Domeniile Ostrov sells EUR 2.1 mln worth of wine in six months on back of higher HoReCa demand

Romanian wine maker Domeniile Ostrov upped its sales by 20 percent in the first half of the year, exceeding some EUR 2.1 million, mostly on the back of sales increase in the HoReCa ( Hotel / Restaurant / Catering) sector. The HoReCa sector brought around a third of the company's sales in the first half of the year, a growth of 10 percentage points on last year. The remainder – 70 percent – of the sales were recorded on the retail segment. “The premises of growth were firstly the massive investments in the last two years and our increased presence in the HoReCa sector. Our entire vineyard is currently producing, and we have the needed quality of wine […],” said Oana Belu, one of the two shareholders in the wine maker. Domeniile Ostrov hopes to keep its 20 percent increase on 2012 by the end of this year, and aims for a turnover of EUR 4.3 million at the end of 2013, when it hopes it will have sold 7.5 million liters of wine. The company has 1,300 hectares of vineyards in South - Western Romanian region of Dobrogea, near the Danube, as well as 500 hectares of orchards and 200 hectares for vegetables. It sells wine under the brands Vinăria Ostrov – Terasele Dunarii IG, Premiat, Cosa Di Vino, Domeniile Ostrov – Oltina D.O.C, Domeniile Ostrov Reserve, Cetatea Durostorum, Pacuiul lui Soare and Canaraua Fetii. editor@romania-insider.com (photo source: the company)