Winemaker Danubiana puts 2014 revenue growth to 7.5%

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Hungarian winemaker and wine trader Danubiana (based in Bonyhád, southwestern Hungary) projects a revenue of €13.3 mln for 2014, up by a year-on-year €1 mln due to higher sales, managing director Győző Schmidt told Hungarian news agency MTI.

According to the Schmidt, the company was able to raise prices by 3-5% on its key markets and sales are expected to rise 2-3% in 2015. Danubiana, owned by Munich-based Ma-PeGrundstucksentwicklungs GmbH, exports 90% of its output, primarily to Scandinavian and Anglo-Saxon countries as well as to Germany.

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