IN BRIEF: Gusbourne sparkling wine sales rise in 2023, narrowing loss
Gusbourne PLC - Ashford, Kent-based sparkling wine maker - Total net revenue for 2023 is estimated about GBP7.1 million, up about 13% from GBP6.2 million in 2022. This is driven by UK wine sales of GBP5.0 million, up about 17% from GBP4.2 million. Gusbourne says international sales rise by about 7% to GBP1.5 million, accounting for 23% of total net wine sales, up from 22% in 2022. Gusbourne also makes revenue from winery tours. Adjusted loss before interest, tax, depreciation and amortisation is expected to have narrowed from GBP1.1 million in 2022, as gross margin increases to about 68% from 59%, thanks to "improved price and sales mix dynamics". Net debt on December 31 is about GBP17.8 million, with refinancing of debt completed last year. Read More