Chapel Down Group plc (GB:CDGP) has released an update.
Chapel Down Group PLC reports a mix of progress and challenges in its 2024 mid-year results, with strong direct-to-consumer, on-trade, and export sales growth, offset by a decline in the off-trade sector due to one-off factors. Despite a decrease in gross profit and adjusted EBITDA, the company continues to lead the English wine market, boasting its best year yet in top wine competitions and significant brand investments. The company’s CEO expresses confidence in the brand’s market leadership and strategic progress, despite stepping down in the following year.
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