Delegat Group Limited

(DGL)

NZX

Recommendation:

Hold

Share Price:

NZD

Market Cap:

$

Wine maker Delegat Group shares slipped despite delivering a modest result for the first half of the 2023 financial year. Operating revenue increased by +11.2% to $198.8m, as favorable currency and increased pricing offset lower volumes. However, this did not flow down well to the profit line. Operating net profit after tax was only a touch higher at +1.6%, reaching $40.2m, as higher operating expenses and elevated freight costs hit margins and profitability.

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Latest Research

Margin Squeeze

Delegat Group Limited
18 March 2022

Profits Squeezed

Delegat Group Limited
17 July 2021

Taking Profits - Downgrade to HOLD

Delegat Group Limited
1 March 2021

Earnings Upgrade

Delegat Group Limited
27 June 2020

Top 10 Covid-19 Recovery Pick

Delegat Group Limited
5 April 2020

2020 Hiccup

Delegat Group Limited
23 February 2020

Recommendation:

Hold

Share Price:

NZD

Market Cap:

$

Latest Research

Margin Squeeze

Delegat Group Limited
18 March 2022

Profits Squeezed

Delegat Group Limited
17 July 2021

Taking Profits - Downgrade to HOLD

Delegat Group Limited
1 March 2021

Earnings Upgrade

Delegat Group Limited
27 June 2020

Top 10 Covid-19 Recovery Pick

Delegat Group Limited
5 April 2020

2020 Hiccup

Delegat Group Limited
23 February 2020

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