The Spanish winemaking group Félix Solís Avantis ended the 2024 financial year with strong momentum, reporting consolidated revenue of EUR 400 million, a 5.2% increase over 2023.
The rise in revenue was driven by growth in international markets and improved profit margins, reinforcing the success of the company’s long-term strategy.
Net profit reached EUR 27.3 million, up 16%, while EBITDA grew by 13.75% to EUR 45.5 million. The group generated more than EUR 211 million from exports—over half of its total revenue—thanks to its operations in more than 135 countries and subsidiaries in 11 strategic markets, including the United States, China, the United Kingdom, Germany, and Mexico.
EUR 30 Million in Strategic Investments
As part of its 2024–2027 strategic plan, Félix Solís Avantis invested over EUR 30 million in 2024. These funds were allocated to automation, capacity expansion, and infrastructure consolidation across Spain and abroad. In Spain, production facilities in Valdepeñas and La Puebla de Almoradiel were reinforced, while the company continued operations in northern DOs via its Pagos del Rey subsidiary.
One of the year’s most significant developments was the consolidation of Viña Casa Solís in Chile’s Cachapoal Valley, the group’s first winery outside Spain. The facility spans 136,000 square metres, has a production capacity of 30 million litres, and represents an investment exceeding EUR 50 million. It has already seen two harvests, producing Chardonnay, Sauvignon Blanc, Merlot, and Carmenere.
Product Innovation and Market Growth
Commercially, the company refreshed key brands such as Viña Albali, now offering 0.0% alcohol-free wines, and expanded the MUCH MORE range both domestically and internationally. In addition, a Godello varietal was introduced under the Pulpo label from Pagos del Rey, further diversifying the portfolio.
Sustainability Milestones
Félix Solís Avantis advanced its 2024–2027 Sustainability Plan with remarkable achievements. 99.6% of energy consumed came from renewable sources, water usage per unit decreased by 5%, and natural gas consumption fell by 4%. The group now sends no waste directly to landfill, and has established a dedicated Sustainability and Environment Department. Plans are underway to build a solar farm in Valdepeñas, aimed at covering up to 25% of the group’s electricity consumption.
A Clear Vision for the Future
CEO Félix Solís Yañez commented:
“We are in a phase where family tradition meets global innovation and sustainability. Our entry into Chile and advances in green energy mark a new era for Félix Solís Avantis and the broader Spanish wine industry.”
With EUR 315 million in equity and a workforce of 559 employees, Félix Solís Avantis is well-positioned to continue its sustainable growth across global markets.
Source: Vinetur