We are pleased to share our H1 results that show strong sales growth in the on-trade, export and direct to consumer channels, offset by one-off challenges in the off-trade, and continued profitability. The Company continues to make good strategic and operational progress as it develops its market-leading brand in the UK and around the world.
In addition, as announced on the 4th September 2024, we would like to share that Andrew Carter will be stepping down as Chief Executive Officer to begin a new role as CEO of Timothy Taylor & Co Ltd. Chapel Down has enjoyed huge success and celebrated several strategic milestones under Andrew’s leadership, and we wish him every success in his new role. He will continue to lead the business until the recruitment process for his successor is completed in the first half of 2025.
Andrew Carter, Chief Executive Officer of Chapel Down commented, “Chapel Down continues to be the market leader in the English wine industry, with the leading brand, the deepest distribution and internationally celebrated wines. 2024 has seen continued strategic and operational progress with robust trading, particularly in the on-trade, export and direct-to-consumer channels which shows continued, strong consumer demand. In the first half, this has been offset by some challenges in the off-trade, predominantly caused by one-off factors. Chapel Down is fortunate to benefit from an exceptional team, committed to the delivery of our strategic plans and profitable growth, and I thank them for their contribution to Chapel Down’s continued success.”
We would like to thank all our shareholders, growers, customers, suppliers and consumers for their continued support.
