Chapel Down Half Year Results 2023

Chapel Down Half Year Results 2023

by Chapel Down 27 September 2023

Today we published our half year results and are pleased to report the delivery of a highly successful 2023 H1 performance, for the period ended 30th June 2023.

Andrew Carter, CEO, commented: “Our focus remains on delivering significant growth in traditional method sparkling wine sales, margins, profits and cash flow, so we are extremely pleased with the powerful momentum of the business in the first half of the year. We are continuing to deliver on our growth plans by building our leadership position in the fast-growing English traditional method sparkling wine category to deliver long-term shareholder value.

“Consumers’ love for Chapel Down continues to grow with record levels of brand awareness and household penetration, as more people at home and abroad learn about our brand and our wines. This is fuelling strong and profitable growth across all our distribution channels. We have a world-class team in place, are successfully executing our premiumisation strategy to support and grow our margins and have a strong balance sheet to enable us to meet our target of doubling the size of our business by 2026.”

We would like to thank all our shareholders, growers, customers, suppliers and consumers for their continued support.