IWB celebrates 10 years since its listing on the stock exchange: a decade of success and global growth

IWB celebrates 10 years since its listing on the stock exchange: a decade of success and global growth

Founded with the goal of becoming an example of industrial aggregation in the wine sector, IWB was the first company in the sector to be listed in Italy and today represents a true public company.

The significant economic and market growth is summarised in the following numbers:

• STOCK PRICE INCREASED OVER 2 TIMES SINCE THE IPO. FROM €10 PER SHARE IN 2015 TO OVER €22 TODAY;
• MARKET CAPITALISATION: FROM APPROXIMATELY €60 MILLION ON THE DAY OF THE IPO TO OVER €210 MILLION TODAY (approximately x3.5);
• REVENUE: INCREASE OF OVER 2.8 TIMES SINCE THE IPO. FROM APPROXIMATELY €140 MILLION AT THE TIME OF THE IPO TO APPROXIMATELY €400 MILLION TODAY;
• OVER 70 OWN BRANDS AND PRIVATE LABELS;
• 160 MILLION BOTTLES SOLD ANNUALLY, UP FROM 44 MILLION IN 2015 AT THE TIME OF THE IPO; • DISTRIBUTION IN OVER 90 COUNTRIES ACROSS 5 CONTINENTS.

To celebrate the 10th anniversary of its stock exchange listing, IWB’s Shareholders’ Meeting has approved a special dividend of €0.5 per share. Additionally, an extraordinary bonus of €1,000 will be awarded to each employee of the Group.

Milan, 28 January 2025 – Italian Wine Brands (IWB), (TICKER EGM: IWB), the first Italian group listed in the wine sector, celebrates 10 years since its listing on EGM, a milestone that marks extraordinary growth and constant expansion in the global market. Today, at Palazzo Mezzanotte – the headquarters of Borsa Italiana – a celebratory ceremony was held with the presence of the entire Management Team, Board Members, and early investors, to mark this significant occasion for the first Italian wine group listed on the Italian stock exchange.

For this special occasion, the company convened the Shareholders’ Meeting, which today approved the Board of Directors’ proposal to distribute a special dividend of €0.5 per entitled share (for further information, please refer to the press release published at www.italianwinebrands.it, in the Investor/Press Releases/2025 section). This acknowledges the exceptional growth and value creation achieved by the company over these ten years, as well as the recognition of shareholders’ support for IWB’s development, both organic and through external acquisitions. As a tangible acknowledgment of the competence, passion, and dedication of all collaborators, the Group will grant each employee an extraordinary bonus of €1,000 with the next salary.

IWB: the first Italian wine group to list on the stock exchange
The debut took place on 29 January 2015, when the Group was founded with the mission to aggregate wine companies and create a leading industry player. The foundation of IWB coincided with its listing on the then AIM market (now EGM), through an evolution of the SPAC model, the pre-booking IPO Challenger promoted by Electa Ventures, led by Simone Strocchi, consolidating two companies at its inception: the Trentino-based Provinco Italia and the Piedmont-based Giordano Vini.

The goal was clear from the outset: to support a project, led by Alessandro Mutinelli and backed by new capital, aimed at creating a market leader in a historically fragmented wine market. This was an industrial operation that demonstrated and continues to demonstrate how finance, understood as capital for building rather than mere trading, can help form industry champions led by determined and visionary entrepreneurs, who themselves become sector aggregators and drivers of entire Italian excellence supply chains.

Extraordinary growth in numbers
Since its market debut in 2015, Italian Wine Brands’ stock price has seen a value increase of over 130%, rising from €10 per share at the time of the listing to over €22 today.

At the same time, the market capitalisation has grown from approximately €60 million on the day of the IPO to over €210 million today, confirming the strength of the Group and the appreciation of investors. Today, with over 70% free float, IWB represents a true public company, with thousands of shareholders, including institutional investors from Italy and abroad as well as private citizens.

Currently, Italian Wine Brands is one of the largest private groups in Italy by revenue, a sector leader driving an important excellence supply chain such as the Italian wine sector, with a strong and recognised market position, thanks to its proprietary-branded products sold worldwide through major, consistently monitored distribution channels. This has been further supported by external growth, in line with the management’s core objectives since day one of the listing. In addition to Giordano Vini and Provinco, over the years, the Group has integrated five other companies – Svinando, Raphael Dal Bo, Enoitalia, Enovation Brands, and Barbanera – involving all the founders and families of the companies acquired into the project and the company’s capital.

Ten years of significant growth
Throughout its journey, Italian Wine Brands has seen significant revenue growth, rising from around €140 million in 2015 to around €400 million today, with over 80% of sales achieved in international markets. Today, IWB boasts five analytical laboratories dedicated to constantly monitoring the quality of raw materials and products, distributing approximately 160 million bottles across over 90 countries (5 continents), compared to 44 million bottles sold in 2015. The Group’s portfolio includes over 70 proprietary brands and private labels across various product ranges, demonstrating its ability to create high-quality wines that cater to the ever-evolving tastes of wine enthusiasts. With a solid presence in international markets and new development objectives, Italian Wine Brands, a symbol of innovation and Italian tradition, is preparing to tackle the next years with the same determination and passion that have guided its successful journey so far.

Alessandro Mutinelli, President and CEO of IWB, said: “In these 10 years since the listing, we have always looked ahead, to tomorrow, to the new things to develop, to how we could grow and make IWB even stronger on the market. However, for this anniversary, we also need to look back and reflect on the journey we’ve made. I want to thank everyone who has joined me with passion, competence, and determination on this journey of growth and creation of an industrial and commercial reality that didn’t exist before. Thanks to our team, today Italian Wine Brands is a recognised, respected, and appreciated brand worldwide for its size, product quality, broad range, distribution, and for being the only true Italian wine public company. We have kept the promise we made at the time of the listing: to become an aggregator in the fragmented Italian wine world, to compete on equal terms with the world’s leading competitors. And we’ve also kept the promise made to our shareholders, by multiplying the stock market capitalisation. However, our journey is not over yet – many roads still lie ahead, and we will face them with competence, enthusiasm, and the desire to succeed.”


Simone Strocchi, Board Member of IWB and promoter of the listing operation with Electa Ventures in 2015, commented: “It feels like only yesterday when IWB began its journey with its listing, facilitated by our innovative pre-booking company IPO Challenger. Since then, the company has grown continuously, under the determined leadership of Alessandro Mutinelli, supported by an ever-stronger and more passionate group of entrepreneurs and managers, with the stated mission of building a leading Italian wine group. Today, IWB is an important player, an investment opportunity for those who want to share its growth, and an enlightening example for the creation of new industry champions in various sectors, who aim to promote the aggregation of districts and Italian excellence supply chains. We want, can, and must support the emergence of other business champions following the IWB model, fostering the constructive meeting of savings and ambitious Italian entrepreneurial projects.”