Purcari Wineries Public Company Limited proudly announces its continued inclusion in the MSCI Romania Small Cap Index as of March 1, 2024, following a quarterly review.
This recognition underscores the company's steadfast performance and enduring presence in the Romanian market.
According to reports published on the Bucharest Stock Exchange (BVB), Purcari Wineries' shares ranked among the top performers in the BET Index in 2023, showcasing an impressive 69% increase. With a market capitalization of RON 608 million (EUR 122.2mn), the company continues to command attention as a key player in the industry. The Group's financial prowess was further demonstrated by a substantial 22% rise in revenues, reaching RON 369.5 million (EUR 74.3mn), alongside a noteworthy 45% surge in normalized net profit, totaling RON 59.6 million (EUR 12mn).
As the calendar transitions to 2024, Purcari Wineries remains a fixture among the top companies in the BET Index, maintaining strong liquidity relative to its market capitalization. The latest analysis by MSCI reiterates Purcari Wineries' inclusion in the MSCI Romania Small Cap Index, which comprises a total of 26 listed companies—a testament to the company's resilience and sustained growth trajectory.
MSCI's classification of Romania as a Frontier Market positions Purcari Wineries within a dynamic investment landscape, offering opportunities for further expansion and market development. Meanwhile, the company's inclusion in the Emerging Market classification by FTSE Russell underscores its strategic significance within the global investment community.