All wine-growing areas are seeing profits reduced according to the latest statistics, ranging from marginal decreases in the Loire Valley to the collapse threatening ruin in Gironde, in the Rhône Valley, in the South…
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arced in recent months by a significant increase in failures and a trivialization of collective procedures, the weakening of the French wine economy has now been quantified with chilling precision by the National Agricultural Accounts Commission. Meeting on December 12, the institution calculates on average the Gross Operating Surplus (EBE) of a wine estate for 2023 at €84,139 per non-employee Full-Time Equivalent (non-employee FTE), i.e. a drop of 25%. in one year (for all agriculture, the EBE/FTE is €66,450, -26%). The report from the Agricultural Accounts Commission also indicates that 13% of wine farms have a negative EBITDA (compared to 7% for all agriculture, a proportion which has doubled in one year). Concerning the balance available per company, the Current Profit Before Tax (RCAI) per non-employee FTE, the report announces a decline of 36% on average for wine farms to €57,141 (compared to €29,340 for all agricultural sectors combined, -45 %).
As the Agricultural Accounts Commission points out, “the situations are however contrasting from one wine-growing area to another with much more marked declines in results in 2023 in the southern production areas”. As detailed in the graphs below, the EBE/FTE drop of up to -41% for Bordeaux, -48% in the Charentes, -43% in the South-East (Rhône Valley and Provence)… The RCAI/drop ETP falls to -210% in Bordeaux, -67% in the South-East, -62% in Languedoc-Roussillon, -60% in Cognac… The distinctions are made also between companies, all of which are obviously not in the same boat: if 38% of estates record a drop in their EBITDA of more than 30% in 2024, there are 22% of wine farms which increase by more than 30%. their EBE.
The evolution of the profitability of wine estates in France:
For the wine sector, this study is based on a sample of 1,071 farms out of 44,240 recorded in 2023. We learn in this report that 71% of wine growers receive subsidies (the agricultural average being 92%) for €14,500 in on average, an increase of 21% (compared to €39,000 agricultural average, -8%).
