Today we published our full year results and we are pleased to announce a strong financial performance and continued strategic progress in the year ended 31 December 2022, with growth in revenue, margin expansion and +51% growth in operating profit to £1.7m.
2022 has been a record year for Chapel Down with exceptional profitable growth delivered driven by the stellar performance of our traditional method sparkling wines, as we continue to premiumise the Chapel Down brand. 70% of wine sales by value were from our award-winning traditional method sparkling wines, further building our market leadership position of the English sparkling wine market.
As our capacity grows, so does consumer awareness and demand for our brand. Our brand has the broadest distribution footprint across the UK off-trade and on-trade, we have a strong direct to consumer E-commerce business and a buoyant hospitality & tours business with over 65,000 consumers visiting Chapel Down in 2022. During the summer, we became the official sparkling wine of England Cricket and we look forward to the impact of a home “Ashes summer” on our brand awareness.
The English wine industry is enjoying the fruits of its extraordinary terroir, favourable climate and sustained investment, and these advantages show no sign of abating. We have created a passionate, world-class team at Chapel Down, supported by strong relationships with our customers, growers and suppliers, who are all equally excited about developing this unique English wine growth story. This underpins our plans to double the size of the Chapel Down business by 2026.
