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Chapel Down Group plc ( (GB:CDGP) ) has shared an announcement.
Chapel Down Group PLC reported a 5% decline in net sales revenue for 2024, affected by a significant reduction in retailer stock. However, the company witnessed strong second-half sales momentum, particularly during the holiday season, supported by eCommerce and on-trade growth. The company continues to lead in the English wine market with a focus on sparkling wines, and it has expanded its vineyard acreage to support future growth. Despite challenges, Chapel Down remains optimistic under new leadership and its strategic investments in vineyard expansion and distribution.
More about Chapel Down Group plc
Chapel Down Group PLC is England’s leading and largest winemaker, producing both sparkling and still wines. Located in Kent, known as the Garden of England, it focuses on the growing English wine market and maintains a strong brand presence in the industry.
YTD Price Performance: -2.44%
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €73.55M
For an in-depth examination of CDGP stock, go to TipRanks’ Stock Analysis page.
