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Delegat guides flat 2025 outlook after ‘solid’ result

Listed winemaker shares up 3% on 2024 financial performance.

Delegat Winery in Marlborough.

Key points
  • Revenue: Sales revenue up 1% to $371.8 million.
  • Profit: Operating profit after tax up 1% to $59.7m.
  • Main takeaway: Case sales were only down 2% despite a 16% fall in New Zealand packaged wine exports overall.

NZX-listed winemaker Delegat Group expects a further drop in case sales next year although operating net profit after tax is likely to be steady following what it has described as a solid 2024.

Delegat, two-thirds owned by NBR Listers Jim and Rosemari Delegat, today reported a 1% increase in sales

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Hamish McNicol Thu, 29 Aug 2024
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: Sales revenue up 1% to $371.8 million.
  • Profit: Operating profit after tax up 1% to $59.7m.
  • Main takeaway: Case sales were only down 2% despite a 16% fall in New Zealand packaged wine exports overall.
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Delegat guides flat 2025 outlook after ‘solid’ result
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