REG - Gusbourne PLC - Harvest Report

GusbourneAnnouncement

19/10/2023 07:00

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RNS Number : 5931Q  Gusbourne PLC  19 October 2023

19 October 2023

Gusbourne Plc

("Gusbourne", the "Company" or the "Group")

 

Harvest Report

 

Largest harvest to date with potential for a great 2023 vintage

 

Gusbourne Plc, the English wine producer, is pleased to report its 2023
harvest is now complete.

 

Highlights

 

·    The 2023 harvest is now complete with our biggest yield to date.

 

·    Following our normal green harvest earlier in the year, an abundance
of selected high quality fruit was harvested under sunny skies and earlier
than in typical years, before the wet weather arrived.

 

·    Chardonnay, Pinot Noir and Pinot Meunier grapes show fine
expressiveness and are expected to produce outstanding wines.

 

·    Accolades in recent wine awards continue to recognise Gusbourne's
world class winemaking success.

 

Following the warm growing season of 2022, the vines emerged from winter in
great health. Good weather during the flowering period this year led to an
abundance of fruit. The team's careful management of the vines throughout the
summer, which included a rigorous quality-controlling green harvest, meant
that the fruit quality and quantity was superb.

 

Gusbourne remains absolutely focussed on quality and sustaining its premium
market position. 2023 has so far delivered numerous accolades for its wines,
with the presentation of over 20 awards. This included five gold medals and
four trophies, including retaining Estate Winery of the Year, at the Wine GB
awards and a Best in Show award at Decanter for Blanc de Blancs 2018.

 

Following the success of the now sold out 2014 vintage "Fifty One Degrees
North", the 2016 vintage was released in September and it continues to set a
high quality benchmark for English sparkling wine with significant interest
from trade partners and our customers.

 

Mike Paul, Interim Chief Executive Officer commented:

 

"2023 will mark Gusbourne's biggest yield to date, but what is crucially
important is that the vineyard team have maintained the high quality of the
fruit which is the building block for our award winning wine. The winemaking
team, led by Mary Bridges our Head Winemaker, are delighted with the potential
for an amazing 2023 vintage. The resulting wines will be bottled during 2024,
further adding to our inventory levels for sale in future years."

 

"This has been a fantastic year for Gusbourne, and our success is testament to
the team's unwavering commitment to detail and excellence."

 
Enquiries:
 Gusbourne Plc
 Katharine Berry                                            +44 (0)12 3375 8666
 Phil Clark, Investor Relations
 Panmure Gordon (UK) Limited (Nomad and Sole Broker)
 James Sinclair-Ford / Ailsa Macmaster / Lauren Riley       +44 (0)20 7886 2500
 Hugh Rich
 Media:
 Houston                                                    +44 (0)20 4529 0549

 Kate Hoare / Ben Robinson / India Spencer

 gusbourne@houston.co.uk (mailto:gusbourne@houston.co.uk)

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain. The person responsible for arranging for the release of this
announcement on behalf of the Company is Katharine Berry, Chief Financial
Officer.

Gusbourne plc (https://www.gusbourne.com/investors) (AIM:GUS) is a premium
English sparkling and fine wine producer, specialising in the production and
distribution of award winning wines, produced from grapes grown across its
vineyards in Kent and West Sussex.

Since the Group planted its first vines in 2004, it has had a clear vision and
single goal: to create English Still and Sparkling Wines that would stand up
alongside the very finest offerings from across the globe.

From these humble beginnings, Gusbourne has focussed on building long-term
assets to drive value creation for all stakeholders. Today, the Group is an
acknowledged leader in the rapidly expanding English wine industry, achieving
international brand recognition across its product range.

Drawing on an estate of over 93 hectares of mature vineyards with additional
new land available to scale further, the Gusbourne cellar continues to mature
with ever expanding fine wine stocks becoming available to service the growing
demands of the Group's increasingly international customer base.

Gusbourne's luxury brand enjoys premium price positioning and is distributed
in the finest establishments both in the UK and overseas including premium
hotels and restaurants, independent wine merchants, and high-end stockists and
retailers. The Group also continues to invest in building strong relationships
with its growing and loyal direct customer base, including through its
immersive brand experience at its cellar door experiences, the Nest in Kent.

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