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DGL
29/08/2012 08:30
FORECAST
REL: 0830 HRS Delegat's Group Limited
FORECAST: DGL: DGL - Outlook
Operating Performance Outlook - 2013, 2014 and 2015 financial years
Delegat's strategic goal is to lead New Zealand wine category growth and
establish Oyster Bay as one of the world's great Super-Premium wine brands.
The Oyster Bay brand is New Zealand's category leading, Super-Premium wine
brand globally. It appeals to aspirational wine lovers and brand seekers.
The Group's focus has been to invest heavily in its brands and distribution
channels and has established in-sales market offices to support substantial
future sales growth.
The New Zealand wine industry remains a long-term growth story. The industry
continues to face some medium term headwinds, such as unfavourable exchange
rates, duty and tax increases, particularly in the United Kingdom.
The New Zealand industry's Sauvignon Blanc supply imbalance has corrected
with the low yielding 2012 vintage with supply constraints likely in the
medium term.
Long-term consumer trends support future sales growth.
Oyster Bay captures the special character of New Zealand's cool climate
viticulture, elegant assertive wines with glorious fruit flavours. These
unique wine styles are amongst the most sought after in the world today.
Outlook 2013
Jim Delegat, Managing Director, says: "The Group will continue its strategy
of identifying 'Value Growth Markets' and 'Growth Markets' which has proven
success and continues to deliver improved profitability, despite currency
headwinds. The Group has strong competitive advantages, an enviable track
record of increasing shareholder value and robust long term business plans".
For further information please contact:
Jim Delegat
Managing Director
Delegat's Group Limited
Telephone +64 9 359 7300
End CA:00226574 For:DGL Type:FORECAST Time:2012-08-29 08:30:19
