Wine industry survey

This survey is made up of two sections. The first contains analysis of 108 Italian companies operating in the wine industry, which in 2011 turned over more than 25m, whose financial statements have been aggregated for the 2007-2011 period.

These companies are wine industry specialists, often operating across several regions. Companies which generate their turnover chiefly through the sale of other products, despite also managing wine-making activities of significant size nationally, have been excluded from the analysis. Where available, preference has been given to consolidated data. The aggregate consists of 30 co-operatives (including four limited companies controlled by one or more co-operatives), 72 Italian-owned and six non-Italian-owned limited companies. In 2011 the aggregate generated turnover of 4.9bn, with a degree of representativeness estimated at 61% of the total production (which in 2011 was estimated at around 8.1bn) and 55% of the total exports (4.4bn). The earnings/financial data have been supplemented with interviews of the companies covered to obtain preliminary indications regarding the 2012 pre-closing figures, estimated sales for 2013 and certain aspects of their commercial structure. The second section in turn contains two parts. The first analyses the 2002-2011 aggregate of the 13 largest international listed companies with turnover in excess of 150m, which in 2011 generated 7.9bn in revenues. The second part illustrates the performance of the Mediobanca global share price index of listed wine-makers between 2011 and mid-March 2013. The index features 46 companies whose shares are traded on 20 stock markets, and whose market capitalization at the reference date totalled 20.2bn.