Trent – Ferrari Trento has the construction of the 12 thousand m2 underground cellar was completed and in 2025 the construction site will open to modernize the reception structure in the Trentino headquarters. With the new cellar, yes they expand the winemaking and storage spaces. The project will require a total of 20 million euros. Emanuele Scarci underlined this in an article published by ItaliaOggi. The Group totaled in 2023 consolidated revenues of approximately 146 million euros (-4.6%) while the subsidiary Ferrari achieved a turnover of 94.4 million (-8%), for a total of approximately 6 million bottles sold. Driven by investments made last year, including the underground cellar and a second production line, net debt more than doubled to 54 million euros.
“Sparkling wines have suffered from an economic situation with double-digit inflation, but overall the bubbles held the volumes“, explains Matteo Lunelli, CEO and co-owner of the Group, to Emanuele Scarci. As for expectations for 2024, “with the summer we expect a recovery in consumption in seaside resorts. […] We expect a year of substantial stability in volumes and we trust in the value of that segment of wealthy consumers who do not betray”.
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