Tokaj wineries: a wide spectrum in financial performance
The wines of the Tokaj wine region are famous worldwide, but the financial performance of the region’s wineries shows a very mixed picture. While some wineries achieved good results even after major investments, others fell back, and even some were on the verge of closure. The Tokaj area of the Index examines the successes and challenges of the outstanding wineries of the Tokaj wine region based on the financial data of 2023.
Investments and balance sheet results
Grand Tokaj Zrt., Tokaj-Oremus Kft. and Dereszla Group belonging to the Mészáros Group lead the development list, taking into account amortization costs. However, two of these companies recorded a significant loss: Grand Tokaj closed with a loss of HUF 526.7 million, while the Dereszla Group closed with a loss of HUF 169.9 million.
Sales figures and revenues in billions
According to sales data for the year 2023, Grand Tokaj Zrt. achieved the highest sales revenue, with HUF 3.16 billion. Tokaj-Oremus Kft. finished second with HUF 1.646 billion, which is primarily due to its success on export markets. The Dereszla Group ranks third with HUF 1.187 billion in revenue.
Profitability and strategic changes
Based on EBITDA, Tokaj-Oremus achieved the best result with HUF 530.2 million, but if we exclude this company with an extraordinary background from the competition, Royal Tokaj Winery, Ungvár-Pince and Dereszla Kft. stand out from the field.
The total profit of the Dereszla Group was almost HUF 103 million, and the group was acquired by a new owner last year, which, according to industry experts, was part of a comprehensive strategic restructuring. From September, the group will merge four wineries in the Tokaj Mountains into Dereszla Kft. in order to operate more efficiently in the future.
Related news
Lidl Hungary also works for the success of domestic wineries
Lidl Hungary contributed approximately HUF 17.5 billion to the domestic…
Read more >A historical journey in the footsteps of Hungarian wine – The Rubicon and MKIK lecture series continues in Eger
On May 15, the joint program series of the Rubicon…
Read more >The 13th Avas Borangolás (Avas Borang Festival) in Miskolc starts on Thursday
This year, the Avas Wine Festival will be held in…
Read more >Related news
GKI Analysis: Without EU funds, the domestic economy would just flounder
On May 1, Hungary marks the 21st anniversary of joining…
Read more >Csökkentette az élelmiszerárakat az árrésstop és az online Árfigyelő bővítése
2025 áprilisában csökkent az infláció és az élelmiszerárak növekedési üteme…
Read more >NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation…
Read more >