Familia Torres expects to close the 2024 fiscal year with a 7% increase in revenue compared to the previous year, according to a press release issued on December 24, 2024. The company attributes this growth to wines and spirits produced at its Spanish and Chilean wineries, which have seen double-digit sales increases.
Standout performers include the Celeste label from Ribera del Duero, the Torres 10 brandy line, and Chilean wines from brands such as Santa Digna and Cordillera, the press release notes.
For wines and spirits produced in Spain, export sales rose by 6%, while the domestic market recorded a 10% increase, driven primarily by a 14% surge in sales through grocery retail channels.
"Despite the constant challenges facing the global wine sector, we are satisfied with the company’s good performance this year, thanks to the efforts of our more than 1,000 employees,” said Miguel A. Torres, President of Familia Torres, reflecting on the 2024 fiscal year.
€6m investment in dealcoholized wine
Familia Torres has announced that its largest planned investment for 2025 will focus on dealcoholization. The winery has allocated around €3m for this initiative in 2024, with a total of €6m earmarked for the construction and commissioning of a new winery at its Pacs del Penedès site dedicated to producing dealcoholized wines.
For 2025, Torres aims to achieve a 20% increase in value in the dealcoholized wine segment.
