Concha y Toro Income up by 14%

The company has released its figures for Q4 2024, along with preliminary results for the full year 2024.

Reading time: 1m 15s

The wine cellar of Concha y Toro in Maipú, Chile. The company achieved both sales and revenue growth in 2024. (Photo: M & G Therin-Weise / Gabrielle/stock.adobe.com)
The wine cellar of Concha y Toro in Maipú, Chile. The company achieved both sales and revenue growth in 2024. (Photo: M & G Therin-Weise / Gabrielle/stock.adobe.com)

Concha y Toro (CyT) has projected a 3.3% increase in sales volume and a 14.5% rise in revenue for 2024. The company attributes the stronger revenue growth to exchange rate effects and price adjustments.

In Q4 2024, CyT sold 85.5m liters, a 4.7% increase compared to Q4 2023. Revenue grew by 9.1% year-over-year, reaching 282.9bn pesos (€0.27bn). While wine sales volumes increased by 3.9%, other segments saw a notable 13.1% growth, driven primarily by beer sales.

CyT owns an 87% stake in the craft beer brewery Cervecería Kross, which operates the Krossbar franchise. The company also expanded its portfolio in 2024 by acquiring the Pisco brand Malpaso, building on its 2019 launch of Pisco Diablo.

For the full year 2024, Concha y Toro (CyT) recorded a cumulative sales volume of 297.9m liters (+3.3%) and revenue of €0.92bn (+14.5%). The company plans to release its final financial report on March 10, 2025.

Founded in 1883, CyT became a publicly traded company in 1933 and, in 1994, was the first wine producer to list on the New York Stock Exchange. According to the German trade magazine Weinwirtschaft, CyT cultivates over 12,000 ha/30,000 ac of vineyards in Chile, Argentina, and the U.S., and ranked 6th among the highest-grossing overseas wine companies last year.

Insights Wine

Some of the biggest wineries in the world are headquartered in North America and Australia. Here are 10 of the biggest.

Reading time: 4m 15s

Tags

 

 

Latest Articles