Strong Harvest Results
The harvest in Niagara came with strong yields and good quality, and the Okanagan Valley returned to activity after previous challenges. This signals a positive outlook for future production.
Significant Growth in Financial Metrics
EBITDA grew by 18%, and net earnings increased by 96%. This demonstrates strong financial performance and improved profitability.
Market Share Gains
Andrew Peller gained market share in English Canada and performed well across all major markets, attributing success to its strategy and market position.
Improved Margins and Debt Reduction
Gross margin increased to 45.7%, with significant cost savings achieved. Additionally, the company reduced its net debt to $159 million, strengthening the balance sheet.
Appointment of a New Board Member
Susan O'Brien joined the board as an Independent Director, bringing extensive experience in consumer goods and retail sectors, expected to contribute to strategic growth.