DGL

[ralph]

They have a big commercial plant / winery in between Napier & Hastings so must do a lot of work there and will be affected ,probably a bit less so than seeka poor buggers

[Cottagestyles]

As a Marlborough Lines customer/shareholder, the sooner they can can divest themselves of the Yealands nightmare foray the better! Peter's arch rival Jim coming knocking on the door would be a bitter pill for the former owner though.

[Sideshow Bob]

https://www.nzx.com/announcements/407036

We are pleased to advise that all our people in the Hawke’s Bay are safe after Cyclone Gabrielle. Our priority remains the safety and wellbeing of our employees and their families. Delegat Group would like to thank our Hawke's Bay teams for their collective resilience, team spirit and positivity.

Our Hawke’s Bay winery and vineyards have not been damaged significantly by the cyclone and we continue to assess the impact on equipment and infrastructure at these sites. We now have access to our Crownthorpe vineyard and we are working towards further improving this access over the course of this week.

We are on track for a successful harvest in Hawke's Bay commencing around the end of February.

A further update will be provided with Delegat’s interim results, scheduled for Friday 24 February 2023.

[nztx]

They have a big commercial plant / winery in between Napier & Hastings so must do a lot of work there and will be affected ,probably a bit less so than seeka poor buggers

Didn't look like a lot of damage to that plant, if any .. may have escaped flood damage in that locality
with just a bit of surface water

[Sideshow Bob]

https://www.nzx.com/announcements/407282

Net $40.7m, up 11%

[Grumble]

Has anyone got detailed analysis on DGL.

Steady profits, growing sales, flattened NPAT but potential to grow, low debt, good OCF; partly offset by cost pressures seen in H1 23 results.

I get 2021 everything was inflated but $8.30 seems like pretty good value. What am I missing?

[Sideshow Bob]

Not to be confused with Simon and DGL Group.....

https://www.nzx.com/announcements/417036

FY23 financial summary
• 3.7 million global case sales, up 9% on FY22
• Revenues of $375.8m, up 15% on FY22
• Operating EBITDA of $120.4 million, up 7% on FY22
• Operating EBIT of 96.8m, up 9% on FY22
• Operating NPAT of $59.3 million, up 2% on FY22
• Reported NPAT of $64.8 million, up 3% on FY22

[winner69]

That’s a pretty impressive result

Share price chart looks a bit sad but sort of showing a bottoming out

Maybe a good time to start buying

Kingfish love them …maybe they get some free Oyster Bay

[Sideshow Bob]

Conditions starting to soften a little

https://www.nzx.com/announcements/421802

Delegat Group Limited (the Group) is today providing an update on its earnings guidance for the year ending 30 June 2024, and three-year case sale volume guidance.
The Group now forecasts to achieve global case sales of 3,614,000 cases for the 2024 year, down 1.7% on last year and 5.5% on previous guidance. With supply chains stabilising, distributors and retailers have reduced inventory holdings resulting in lower replenishment orders for the year to date.
Accordingly, the Group has revised its guidance range on Operating Net Profit after Tax to $57.0 million to $61.0 million for the year ending 30 June 2024 compared to the previous guidance of Operating Net Profit after Tax of $62.0 million to $67.0 million.
In respect of future years, the Group is committed to growing profitability in key markets through price increases to offset cost inflation. This will result in case sales volume guidance for 2025 and 2026 of 3,775,000 and 3,900,000 cases respectively, down 4.4% and 5.0% on previous guidance.
Oyster Bay continues to outperform the industry in the key US market, achieving retail sales growth of 9%1 versus the category which is flat over the last 12 months.

[Filthy]

the Group has revised its guidance range on Operating Net Profit after Tax to $57.0 million to $61.0 million for the year ending 30 June 2024 compared to the previous guidance of Operating Net Profit after Tax of $62.0 million to $67.0 million.
In respect of future years, the Group is committed to growing profitability in key markets through price increases to offset cost inflation. This will result in case sales volume guidance for 2025 and 2026 of 3,775,000 and 3,900,000 cases respectively, down 4.4% and 5.0% on previous guidance.

minor downgrade - pretty much priced in already...