Chapel Down Group has announced its Interim Results for the six month period ended 30 June 2015 with Frazer Thompson, Chief Executive, commenting:
“We have delivered another strong set of results, with sales and gross profits both up by a third. Consumers’ interest in English wines and beer grows from strength to strength and Chapel Down is well positioned to benefit. The proceeds of last year’s successful crowd funding are being used to plant more vines in the finest sites, improve our production facilities, winemaking equipment and systems and develop our people and brands. We are encouraged by the prospect of another good harvest in 2015 which will enable us to continue to improve the quality of our wines and ensure we have supply in place to meet future demand.”
Outlook
“We remain positive about continuing to grow sales in the second half of 2015. Furthermore, we are optimistic that the 2015 harvest will provide the quality and quantity of fruit from which we can seek to create International award winning wines in the years to come. We also have exciting plans for the growth of beer and cider.”
Key highlights
- Year on year sales up 33% to £3.25m (H1 2014: £2.44m)
- Wine sales volumes up 45%, to £2.28m
- Beer and cider sales up 33% to £974k
- Gross Profit of £1.17m up 31% (H1 2014: £897k)
- EBITDA of £84k (H1 2014: £74k), as continued reinvestment in brands, infrastructure and supply
- Gold medals for wines in three prestigious global competitions – The International Wine Challenge 2015, The Decanter World Wine Awards 2015 and the Sommelier World Wine Awards 2015
- A further 82 acres of vines planted at our new leased site in Boxley on North Downs
- The appointment of Mark Harvey – a new Managing Director for wine with extensive luxury and premium brand experience at LVMH
- Prospect of another excellent harvest in 2015 in both volume and quality will enable more sales and even higher quality wines
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