TIDMGUS
RNS Number : 2237B
Gusbourne PLC
10 February 2022
10 February 2022
Gusbourne Plc
("Gusbourne" or the "Company")
Year End Trading Update
Gusbourne Plc (AIM: GUS), the English sparkling wine producer,
provides the following unaudited trading update for the 12 months
to 31 December 2021.
Highlights
-- Net revenue (1) for the year ended 31 December 2021 is
expected to be up by 95% (2020: 29%) to c. GBP4.1m (2020: GBP2.1m
and 2019: GBP1.7m), reflecting continued and accelerating sales
growth. The expected like for like growth in H2 was more than
double the prior year at c. 120%.
-- Demonstrates an increased 5-year net revenue CAGR of 45%
between FY 2016 and FY 2021 up from 35% between FY 2015 and FY
2020.
-- Significant growth in UK Trade sales as the sector continued
to recover from the prior year effects of COVID-19. Direct to
consumer (DTC) also showed strong growth driven by online sales and
cellar door operations in Kent. DTC sales for the year are expected
to represent c. 28% (2020: 30%) of net revenue for the year and UK
Trade sales are expected to represent c. 51% (2020: 37%) with
International Sales at 21% (2020: 33%).
-- Ongoing success in international and UK wine competitions
with a total of 42 new medals, including twelve golds. Particular
highlights include a platinum medal at the Decanter World Wine
Awards, the Judges Selection Medal in the prestigious Texsom awards
in the United States in May, and trophies for 'Best Chardonnay' and
'Winery of the Year' at the WineGB awards in September.
Charlie Holland, Gusbourne's CEO and Chief Winemaker
commented:
"We are delighted to have almost doubled our revenues as
customer numbers continue to increase across all major sales
channels. This, together with the fundraising at the end of last
year and a significantly strengthened balance sheet, allows us to
look confidently to the future as we continue to invest in building
our brand and strengthening Gusbourne's position as one of the UK's
most significant producers of fine English wine."
(1) Net revenue is revenue reported by the Company after excise
duties payable
For further information contact:
Enquiries:
Gusbourne Plc
Charlie Holland +44 (0)12 3375 8666
Canaccord Genuity Limited (Nomad and Joint Broker)
Bobbie Hilliam +44 (0)20 7523 8000
Georgina McCooke
Panmure Gordon (UK) Limited (Joint Broker)
Oliver Cardigan + 44 (0)20 7886 2500
Hugh Rich
Ailsa Macmaster
This Announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014, which forms part of UK law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). In
addition, market soundings (as defined in MAR) were taken in
connection with the matters referred to above as a result of which
certain persons became aware of inside information (as defined in
MAR), as permitted by MAR. This inside information is set out in
this Announcement. Therefore, those persons that received such
inside information in a market sounding are no longer in possession
of such inside information relating to the Company and its
securities.
Note: This and other press releases are available at the
Company's website: www.gusbourneplc.com
Note to Editors
Gusbourne produces and distributes a range of high quality and
award-winning vintage English sparkling wines from grapes grown in
its own vineyards in Kent and West Sussex.
The Gusbourne business was founded by Andrew Weeber in 2004 with
the first vineyard plantings at Appledore in Kent. The first wines
were released in 2010 to critical acclaim. Following additional
vineyard plantings in 2013 and 2015 in both Kent and West Sussex,
Gusbourne now has 231 acres of mature vineyards. The NEST visitor
centre was opened next to the winery in Appledore in 2017,
providing tours, tastings and a direct outlet for our wines.
Right from the beginning, Gusbourne's intention has always been
to produce the finest English sparkling wines. Starting with
carefully chosen sites, we use best practice in establishing and
maintaining the vineyards and conduct green harvests to ensure we
achieve the highest quality grapes for each vintage. A quest for
excellence is at the heart of everything we do. We blind taste
hundreds of samples before finalising our blends and even after the
wines are bottled, they spend extended time on their lees to add
depth and flavour. Once disgorged, extra cork ageing further
enhances complexity. Our winemaking process remains traditional,
but one that is open to innovation where appropriate. It takes four
years to bring a vineyard into full production and a further four
years to transform those grapes into Gusbourne's premium sparkling
wine.
We are one of England's most awarded wine producers. Highlights
include:
-- Three times winner of the International Wine & Spirits
Challenge (IWSC) English Wine Producer of the Year, having won the
award in 2013, 2015 and 2017- a unique achievement
-- Winner of 'Winery of the Year' trophy at the 2021WineGB competition
-- Highest rated English sparkling wine by the Wine Enthusiast in 2020
-- Trophy for best English Still Red Wine at Wine GB awards 2018-2020
-- Best in Class trophies at the Champagne & Sparkling World Championships in both 2018 and 2019
-- 'Best English Sparkling Wine' as well as overall 'IWC China
Champion Sparkling Wine 2019' at the International Wine Challenge
held in Shanghai
Gusbourne's luxury brand enjoys premium price positioning, and
its wines are distributed in some of the finest establishments both
in the UK and abroad. Our wines can be found in leading luxury
retailers, restaurants, hotels and stockists, always being aware
that where we are says a lot about who we are.
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END
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