Regarding the Chinese market, Purcari has executed their shipments in line with the plans ahead of the Chinese New Year, which represents the seasonally strongest period in the year for Purcari.

Purcari published an announcement on the Bucharest Stock Exchange regarding the potential implications of Covid-19 on the company’s operations. According to Purcari, the company is not experiencing at the moment any material disruptions in their supply chain and has not been informed about any of outstanding supply contracts.

Besides that, Purcari is not experiencing any material disruptions to its production operations in their largest markets – Romania and Moldova.

When looking at the market’s currently heavily affected by Covid-19, Asia accounts for 6% of Purcari’s 2019 consolidated sales. Italy, Spain, Germany and France each accounted for less than 1% of the consolidated 2019 sales. It is important to mention that in case of China, Purcari has executed their shipments in line with the plans ahead of the Chinese New Year, which represents the seasonally strongest period in the year for Purcari. Since than orders reduced significantly, which is however (in usual conditions) traditionally weaker season for Purcari.

Note that as of now no Covid-19 cases were registered with the company’s personnel.