The Italian newspaper Corriere della Sera recently announced the ranking of wine companies with the highest revenue in 2017, of which 19 wine companies had revenue of more than 100 million euros in 2017, with total annual revenue of more than 3.3 billion euros, total exports of more than 2.3 billion euros and total production of more than 1.2 billion bottles.
Image from: Italian Wine Network
Two new billion dollar wine companies were added to the list compared to 2016: Mondodelvino Group and Ruffino, with Mondodelvino"s revenues up 10% year-over-year and Ruffino up 8%. These two companies are ranked 17th and 18th on the list.
Among the 19 largest wine companies, the family business model, which is typical of Italy, is equally divided between family and cooperative businesses.
Cooperative wine companies occupy eight seats in the list. Emilia Romagna's Cantine Riunite CIV remains at the top of the list with revenues of 594 million euros, of which GIV (Gruppo Italiano Vini) contributed 385 million euros. The second-ranked Gruppo Caviro Group's wine business posted revenues of around €220.7, down slightly from last year and the only one of the 19 wine giants to see a decrease in revenue.
The group's Caviro di Faenza contributed 10% of Italy's national grape production in 2017. Two large cooperative wine companies, Mezzacorona and Cavit, from the province of Trentino, were ranked 6th and 7th. Also on the list are La Marca Vini e Spumanti, which specializes in Prosecco wines, at No. 12; Cantina di Soave, at No. 13; Collis Veneto Wine Group, at No. 14; and Terre Cevico.
Among family-owned wine companies, the best performer in 2017 was Marchesi Antinori, which won third place on the list with revenues of €202 million, up 3.7% year-on-year. Marchesi Antinori is committed to producing quality Italian wines with an average price per bottle of more than €8.6. In 2017, Marchesi Antinori produced only 23.4 million bottles of wine, far less than similarly sized or smaller wine companies.
Meanwhile, Zonin 1821 is in fourth place with an annual revenue of 201 million euros, just behind Antinori. Among the family-owned wine companies with annual revenues of less than 200 million euros is Fratelli Martini, which is ranked 5th. The 10th ranked Gruppo Santa Margherita Group, which recently acquired Ca Maiol in Lombardy and Cantina Mesa in Sardinia, has a combined annual revenue of 168.7 million euros. Marchesi Frescobaldi ranked 19th with revenues of 105 million euros.
In addition, Schenk Italian Wineries, a subsidiary of the Swiss Schenk Group, stepped up its investment in the F&B channel in 2017, reaching €109.8 million in revenue and ranking 16th.
Since 2013, the economic issue of the Italian newspaper Corriere della Sera has published an annual overview of Italian wine companies, written by guest author Anna Di Martino, with a comprehensive ranking and analysis of the financial, asset, operational and marketing aspects of the most important Italian wine companies.