Delegat finances solid as expenses rise

Fri, 24 Feb 2023

Delegat reported achieving modest growth across the board despite increased costs in the six months to Dec 31.The wine company’s total revenue was up 11% from the same period the prior year to $198.8 million, with earnings before interest, taxes, depreciation, and amortisation (Ebitda) up 5% to $74.2m.Operating expenses were overall up 23% to $33.4m but gross margin was only down one percentage point at 48%.Net profit increased by 2% to $40.2m with a 4% increase in global sales volume to 1.97m cases.An 18% jump in sales volume in North Am...

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