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Delegat HY result deflates due to challenging market dynamics

The company expects its annual operating profit to come in at the lower end of guidance.

A Delegat winery in Marlborough.

Kate McVicar Fri, 28 Feb 2025
Key points
  • Revenue: down 12% to 178.6m
  • Profit: down 63% to 12.5m
  • Key takeaway: Delegat reports lower earnings but has increased cashflow and reduced debt.  

NZX-listed wine company Delegat Group has reported decreased revenue and profit, while lowering debt and improving cashflow.

Total revenue for the six months ending December 31 fell 12% to $178.6 million from $203m year-on-year, and global case sales also dropped 15% to just over 1.6 million

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Kate McVicar Fri, 28 Feb 2025
Contact the Writer: kate@nbr.co.nz
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Key points
  • Revenue: down 12% to 178.6m
  • Profit: down 63% to 12.5m
  • Key takeaway: Delegat reports lower earnings but has increased cashflow and reduced debt.  
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Delegat HY result deflates due to challenging market dynamics
Investment,
108067
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