UK's Chapel Down H1 revenue rises 19%, margins improve
UK's Chapel Down H1 revenue rises 19%, margins improve
Overview
UK sparkling wine maker's H1 net sales revenue rose 19% yr/yr on broad-based growth
Adjusted EBITDA for H1 climbed 27% as gross margin improved by 3.5 percentage points
Company expects FY26 adjusted EBITDA to be at least 10% above prior market expectations
Outlook
Chapel Down expects FY26 Adjusted EBITDA to be at least 10% above market expectations
Company anticipates FY26 net debt will be lower than market expectations
2026 harvest expected to be high quality but yield about 10% below five-year average
Result Drivers
PREMIUMISATION - Co said increased mix of Traditional Method Sparkling wines and sales from vintages with lower COGS drove gross margin improvement
CHANNEL EXPANSION - Broad-based revenue growth across Off-Trade, On-Trade, and International channels, with US market driving 66% international sales growth
MARKETING INVESTMENT - Increased marketing spend reinforced brand leadership and supported market share gains in key channels
Company press release: ID:nRSW8670Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 9.43 mln |
|
H1 Gross Margin |
| 49.60% |
|
H1 Gross Profit |
| GBP 4.67 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)