Félix Solís Avantis posted a turnover of 300 million euros in 2017, 6% more than the previous year

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Felix Solis Avantis

Félix Solís Avantis group closed 2017 with a consolidated turnover of more than 300 million euros, which represents an increase of more than 6% since 2016. The earnings before interest, tax, depreciation and amortization obtained, exceeds 30 million euros.

The consolidated result of the Félix Solís Avantis group after taxes has increased by 6% since 2016.

These results follow strong global growth (with an external turnover of over 62% and with presence in more than 120 countries) and of the continued commitment to improve the quality-price ratio. Proof of this is the opening in 2017 of a subsidiary in Russia.

During 2017, a huge investment was made in the Valdepeñas winery (20,000,000 euros) including further automation of winery processes, a new bottling line for smaller formats in glass and PET, the expansion of aging capacity via the purchase of more than 10,000 American and French oak barrels, new packaging machinery for varying formats to adapt to increasingly diversified and global demands, as well as wine making equipment that will optimize the quality of wines.

Likewise, the Félix Solís Avantis group is immersed in a process of digital transformation, which includes, among other projects, the implementation of the ERP SAP S4 Hana.

These changes are the result of strong internationalisation and the continued commitment to improve the quality-price ratio.

These changes are the result of strong internationalisation and the continued commitment to improve the quality-price ratio. This entire investment process aims to improve efficiency and meet constantly evolving market needs, with the aim of being perceived as the best wine supplier worldwide.

At present Félix Solís Avantis, through its Chilean subsidiary Viña Casa Solís, is building a winery and bottling facility in Chile with a capacity of more than 40 million litres. It is estimated that this investment will be operational by March 2020. These wines, given the great international acceptance they have, will complement the product portfolio and will be distributed by the commercial network in more than 60 countries.

The company employs directly and indirectly more than 600 people, and has more than 5,000 farmers with whom it maintains a close collaboration, allowing grapes to be harvested at the right time to ensure optimum quality.

For the years 2018-2020 the group has projected investments in Spain and Chile of more than 60 million euros.