Vinpai Announces 28% Growth in First Half of 2024 Revenue

Vinpai, a specialist in functional ingredients, reported a 28% increase in revenue for the first half of 2024, reaching €5.1 million. The second quarter alone saw a revenue rise of 62% to €2.6 million, bolstered by new customers and market expansions. The company highlighted business recovery in the APAC region, particularly in India, where they signed a strategic partnership.

The CEO, Philippe Le Ray, attributed these gains to innovation and the scaling-up of industrial facilities, which enhanced production efficiency. Key product launches, such as Vin'Curd+ and ULTRATEX CARE, also contributed to this growth.

Vinpai saw a decline in Latin America due to the Mexican currency devaluation, delaying some orders to the second half. Nonetheless, MEA and France remained strong, contributing significantly to the revenue.

The company ended June 2024 with a backlog of €3.0 million, down from €6.4 million the previous year, due to rapid order fulfillment. The outlook for the second half includes leveraging new production tools and continuous innovation to sustain international expansion.

Vinpai maintains its revenue target of €16 million and EBITDA over 10% for 2025, confident in its growth trajectory.