Net Sales Revenue (NSR), which excludes duty, is up 10% for the year at £15.6m (2021: £14.3m); significant momentum carried into 2023 with 14% growth in H2 2022 NSR versus H1.

Strong growth in traditional method sparkling wine sales revenue, up 53% on 2021, in line with the Company's planned premiumisation strategy and increased focus on sparkling wine. Traditional method sparkling wine now represents 70% of wine sales by value. A record 790k bottles of traditional method sparkling were sold to customers in 2022 (2021: 522k)

Average selling price to customers grew by 19%, due to a combination of favourable product sales mix and price increases achieved in Q1.

Sales performance was strong across all trade channels:

o  Off-trade revenue up 9% overall despite a reduced availability of still wines following the challenging 2021 harvest, however sparkling wines sales revenue increased by 69%.

o  On-trade revenue up 34% due to increased numbers of distribution outlets and brand support.

o  Direct to Consumer (DTC) offering remains a key strategic focus. eCommerce and the Tenterden vineyard shop & tours together accounted for over 30% of sales in 2022. We had 65,000 visitors to our Tenterden brand home in 2022 (2021: 55,000).

o  Export sales revenue grew by 164% from a small base reflecting the growing interest and potential for English sparkling wines overseas.

The strong Group sales performance and category leadership position is reflected in the Nielsen* data for the Off-trade. Chapel Down retail sales value grew by 23% versus the English Sparkling Wine category of 9%. The brand's market share increased from 27% to 31%, reinforcing Chapel Down's market leadership position.