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Friday 20 May 2022

Delegat to invest $30m to drive growth

24th September 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Winemaker Delegat Group says it will invest $29.7m in FY22 to provide earnings growth in the years ahead.

“This capital investment supports the group’s plan to grow sales to 3,976,000 cases by 2024 and will provide for further growth beyond that period,” said the company in its latest annual report.

The commitment followed the $61.7m Delegat said it invested in FY21 “in growth assets including development of the group’s wineries, land acquisition and vineyard development in New Zealand and the Barossa Valley, Australia”.

 

 


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