Chapel Down Group PLC (LSE:CDGP)
£ 0.43 -0.015 (-3.37%) Market Cap: 73.75 Mil Enterprise Value: 96.12 Mil PE Ratio: 215.00 PB Ratio: 2.23 GF Score: 25/100

Full Year 2024 Chapel Down Group PLC Earnings Call Transcript

Apr 3, 2025 / 03:30 PM GMT
Release Date Price: £0.365 (-3.95%)

Key Points

Positve
  • Chapel Down Group PLC (FRA:1U6) has a strong strategic focus on the growing global sparkling wine market, particularly in the high-margin champagne category.
  • The company benefits from an exceptional asset base, including over 1,000 acres of vineyards, with a significant portion located in prime wine-producing areas in Kent.
  • Chapel Down's wines have received significant recognition, winning 41 awards for quality in 2024, including prestigious accolades in international competitions.
  • The company has a proven vertically integrated business model, effectively managing viticulture, winemaking, brand building, and consumer engagement.
  • Chapel Down has established strong brand awareness and distribution, outperforming the English sparkling wine category with a 4% increase in consumer sales in the off-trade channel.
Negative
  • The company faced a challenging year with a 5% decline in net sales revenue, primarily due to one-off items in the off-trade channel.
  • Gross profit was lower than expected, impacted by the sales mix and inflationary pressures on vintages from 2021 and 2022.
  • The 2024 harvest yield was below the six-year average, affected by adverse weather conditions, which could impact future production.
  • Chapel Down is facing delays in planning permission for a new winery, which may affect its medium-term production capacity.
  • The company has increased its net debt, driven by investments in vineyard expansion and stock levels, which requires careful management in a challenging consumer environment.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CDGP.L - Chapel Down Group PLC
Full Year 2024 Chapel Down Group PLC Earnings Call
Apr 03, 2025 / 03:30PM GMT

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Presentation
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Good afternoon and welcome to the chapel Down Group PLC year end results investor presentation. Throughout recorded presentation, investors will be enlisted in any mode. Questions are encouraged and they can be submitted at any time by the Q&A tab, situated in the right corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question it received in the meeting itself. However, the company can reveal the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll.

I'd now like to play a short video before we begin.

I'd now like to hand you over Jones, Penne
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