Delegat's Group Limited is named Company of the Year 2008
Delegat's Group Limited, parent company of Delegat's Wine Estate, has won Company of the Year Award 2008 at the 2008 Deloitte / Management Magazine Top 200 Business Awards, held at the Sky City Convention Centre earlier this month.
Awarded annually, this prestigious accolade recognises and applauds outstanding individual and management team performances among New Zealand's largest companies.
Jim Delegat, Managing Director of Delegat's Group Limited says "We are very excited to be the recipient of this highly-regarded New Zealand business industry award. It has been a tremendous year for the company and we are now looking forward to another great year in 2009."
The Company of the Year Award was presented to Delegat's by New Zealand Prime Minister John Key. The judges decision was based on Delegat's outstanding market performance and growth, underpinned by a world-class product and stand-out consumer branding.
Delegat’s Annual Report 2008 - Performance Highlights
2008 has again been a year of record sales performance, profit and market share milestones.
Delegat’s Group Limited:- Achieved record global sales of 1,449,000 cases.
- Achieved record total revenue of $165.3 million.
- Achieved record net profit of $19.1 million.
- Achieved 5% increase in average case price realisation to $112.
- Achieved export case sales growth of 20% against industry growth of 17%.
- Achieved increased share of total New Zealand wine exports to 13.3%.
- Led the New Zealand wine industry with the Oyster Bay brand being the number one selling New Zealand wine brand in the United Kingdom, Australia and Canada.
- Gained momentum in the United States market with Oyster Bay achieving the fastest growth of major New Zealand wine brands.
- Celebrated Oyster Bay being awarded ‘Brand of the Year 2007’ at the Australian Liquor Industry Awards, and “Premium White Wine of the Year” for the third consecutive year.
Click here to read the full Report for 12 months to 30 June 2008.
Delegat's Investor News
Delegat’s Wine Estate opens new Marlborough Winery and celebrates 60th Anniversary of Winemaking in New Zealand
Delegat’s Wine Estate has officially opened its new Marlborough winery, one of the largest and most technologically-advanced wineries in New Zealand.
The opening of the new winery fast follows the successful listing of Delegat’s Group Limited on the New Zealand Stock Exchange in 2006, as well as coinciding with Delegat’s 60th anniversary of winemaking in New Zealand. Delegat’s is now 67% owned by brother and sister team Jim and Rosemari Delegat and is New Zealand’s largest publicly listed winemaker.
Jim Delegat, Managing Director of Delegat’s Wine Estate says “Delegat’s Wine Estate was established in 1947 by Nikola and Vida Delegat and our family’s 60 years of winemaking in New Zealand is something we are exceptionally proud of. Rosemari and I are not unaccustomed to achieving significant industry initiatives in order to deliver on the opportunities that the New Zealand wine industry offers today.
“Both Rose and I are natural business builders who focus on the long-term and thrive on participating in an industry we feel very passionate about. Last year we decided to take the company beyond family ownership and invite the investing public to participate in the substantial growth of the company. It is our successful past, but more importantly, our future that manifests itself in this winery.
“Our new winery will not only serve to support the significant ongoing growth from our global markets but will also enable Delegat’s to continue to lead New Zealand wine category growth and establish Oyster Bay as New Zealand’s leading Super Premium wine brand globally. This success will no doubt benefit the New Zealand wine industry as a whole,” he says.
Situated on State Highway 63 Vineyard in the central Wairau Valley, the new multi- million dollar winery took four years to complete and employs extensive research and technology from the leading wine regions of the world, including California and South Australia. The winery, which will employ more than 50 staff for the 2007 vintage, will process fruit from Delegat’s Marlborough plantings which feature Sauvignon Blanc, Chardonnay and Pinot Noir. By 2010, the winery is planned to process 26,000 tonnes of grapes annually.
Delegat’s Wine Estate has outperformed New Zealand wine industry export growth over the last four years with a compound annual growth rate of 50%. Annual Global sales are now in excess of one million cases. Currently Delegat’s exports account for 11% of total New Zealand wine exports.
Today Delegat’s Wine Estate exports to 28 countries and has offices in New Zealand, Australia, United Kingdom, United States and Canada.
Key Features
- 10,000-square-metre winery; the largest winery in New Zealand to house all its tanks under one roof
- 6 storeys high. The height of the impressive structure was driven by the size, height and volume of the wine tanks
- Supports 2000 hectares of Marlborough vineyard plantings, processing up to 2000 tonnes per day of Sauvignon Blanc, Chardonnay, Pinot Noir grapes
- Ultimate processing capacity of 26,000 tonnes
- Employs more than 50 staff during vintage season.