Gusbourne (GB:GUS) has released an update.
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Gusbourne Plc, a premium English sparkling wine producer, reported a slight 3% dip in net revenue for the first half of 2024, with a narrowed adjusted EBITDA loss and improved gross margin reflecting a strategic focus on premium product positioning and sales mix. Despite challenges in the UK trade market, the company saw growth in direct-to-consumer sales, international markets, and corporate channels. Additionally, Gusbourne received a King’s Award for Enterprise in International Trade and continues to invest in its brand for long-term growth.
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