England’s largest wine maker Chapel Down has revealed its strong financial performance in the year ending 31 December 2021 with an EBITDA profit of £1.93 million.
Chapel Down also experienced a 17% increase in wine sales volume and a 39% rise in sales of sparkling wine.
Wine and spirits revenue also increased by 25% to £16.64 million and its gross profit rise by 37% to £7.05 million.
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“Following the sale of the beer business, Chapel Down is completely focused on being the number one winemaker in the UK. Our Wine and Spirits business enjoyed record revenues and sold over 1.5m bottles – our largest number ever,” Chapel Down CEO Andrew Carter said.
“This excellent performance results from our brand leadership position in an exciting and growing market; English Wine is thriving, and the market continues to grow at a rapid pace.”
Additionally, its wine and spirits adjusted EBITDA grew by 31% to £2.11 million and direct to consumer e-commerce revenue grew by 30% – making up 24% of the business.
Carter added: “I am very proud of the progress we are making and was delighted with the external recognition of our position as England’s leading wine producer, with multiple medals at The Decanter World Wine 2021 Awards and WineGB Awards for both still and sparkling wines.”
“With an experienced, dynamic and ambitious team in place, we are well positioned for our future growth plans to double the size of our business over the next five years.”