AdVini reports a net loss of 4.1 million euros for the first half of 2023, compared with a profit of 1.4 million at June 30, 2022, as well as a current EBITDA margin down 2.4 points to 5.3% on sales of 140.2 million (-3.8% organic).

The wine group reported a recovery in its French supermarket business (+8.5%), whereas all other European Off Trade markets posted a decline, particularly in Belgium (-11.4%), the Netherlands (-7%) and Switzerland (-18%).

AdVini believes that its margins will continue to improve over the months of the second half of 2023, for annual sales estimated at over 300 million euros, and expects year-end results to be 'significantly improved'.

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