CVT 11:11 sales in line with forecasts, maintains guidance

Comvita today reported strong sales for their 11:11 event, with their products ranking as number 1, 2, and 3 in the honey category.

They were also recognised as the 6th largest brand in the broader healthy foods category, being the only international brand in the list.

At the 2022 CIIE event, Comvita agreed some new distribution and branding agreements that will come into effect in 2023.

Group CEO David Banfield confirmed that sales were in line with their forecasts and that they expect double-digit EBITDA growth in FY23.