Cavit approves 2024/2025 financial statements: divestment of Casa Girelli completed

The Shareholders’ Meeting of the Cavit Group has approved the 2024/2025 financial statements, closed as of May 31, 2025. The scope includes Cavit Sc and the subsidiaries Cesarini Sforza SpA, GLV Srl, and Kessler Sekt & Co KG. The fiscal year took place within a complex macroeconomic context, marked by geopolitical uncertainties, protectionist policies, and a slowdown in consumption across key markets.

The year saw the definitive closure of Casa Girelli SpA, active in private labels for export and acquired in 2019. The merger by incorporation preceded the sale of the industrial complex, which fully preserved employment levels and had no impact on the Group’s assets. The reorganization now allows all resources to be concentrated on higher-value activities.

A central element of the cooperative financial statements is the stability of the payout to contributing members. The result remains in line with previous years, despite market criticalities.

“We are satisfied with the results achieved in these financial statements, which allowed our Consortium to generate good income and satisfactory remuneration for our Members, despite the structural difficulties of the global market,” states the president of the Cavit Group, Lorenzo Libera. “The cohesion of our cooperative model is confirmed as our most precious asset: eleven cooperative wineries united by shared values and the common goal of protecting the income of over 5,250 winegrower members. The strengthening of equity to over 123 million euros demonstrates that we are building solidity and investment capacity to create further value for future generations.”

Consolidated turnover reached 242.8 million euros. The 4.1% contraction compared to the previous year is entirely due to Casa Girelli leaving the scope. In contrast, a comparison with the 2019/2020 fiscal year shows an average annual growth of 3%, an indicator of the Group’s organic progression. Net equity exceeds 123 million euros, confirming structural strengthening and the ability to support future investments.

Exports represent 75% of consolidated turnover. Cavit is present in North America, Europe, Asia, the Middle East, and Africa, with strategies tailored to individual markets.
The Group maintains its leadership in Pinot Grigio in the United States, despite the impact of tariffs, which was addressed through pricing strategies and investments built together with distribution partners.

In Europe, Germany and the Netherlands remain strategic. Germany shows signs of recovery in large-scale retail, while the Netherlands records moderate growth. The United Kingdom maintains good performance in the Horeca sector. In Asia, opportunities for sparkling wines are growing: South Korea and Japan show interest in Trentodoc Classic Method, while in China, in a context of declining consumption, Cavit has launched partnerships with two national airlines. In Italy, positive performance is recorded in large-scale retail, driven by the Mastri Vernacoli line. In the Horeca sector, the presence and positioning of the premium Trentini and Bottega Vinai lines continue.

Sparkling wine production is confirmed as a strategic asset. Altemasi, Cesarini Sforza, and Kessler Sekt report growing results.
An expansion of the winery is planned for Altemasi, with an increase in production and storage capacity and interventions related to logistical and energy efficiency. Completion is expected in the 2028-2029 biennium.

In the product portfolio, the introduction of Cum Vineis Sclavis Trentino Doc Schiava in the Trentini Premium line responds to the demand for lighter and more immediate wines, highlighting a Trentino grape variety. Abroad, the Group is exploring the low and zero alcohol segment. Agronomic innovation focuses on the use of the PICA digital platform. Collaborations with the Edmund Mach Foundation and Bruno Kessler Foundation include artificial intelligence systems for insect monitoring, drones to assess damage from weather events, and studies on the vineyard ecosystem. The agronomic team guarantees assistance throughout the entire supply chain, in line with the National Quality System for Integrated Production.

“The financial statements just approved reflect our ability to generate good income even in a difficult situation,” concludes General Manager Enrico Zanoni. “Today, however, the challenge shifts to the future: the generalized decline in consumption is causing significant pressure on margins in the short term. In the face of adversity, our response must be oriented toward maintaining a long-term vision. Success will depend on the work, commitment, and courageous choices we make. Only through determination and cohesion can we transform current difficulties into opportunities.”