Resultados provisionales no auditados
25 de marzo de 2024
Vinos vírgenes Reino Unido plc
("Vinos Virgenes", la "Empresa" o el "Grupo")
Resultados provisionales no auditados
Introduction of strategic initiatives and robust customer base underpins triple digit bottom line growth
Virgin Wines UK plc (AIM: VINO), one of the UK's largest direct to consumer online wine retailers, today announces its unaudited interim results for the six months ended 29 December 2023 ("H1 2024").
Aspectos financieros más destacados
· Total revenue increased by 2% to £34.3m (Primer semestre de 1: £ 2023 millones)
· EBITDA subyacente1 hasta un 122 % hasta 1.76 millones de libras esterlinas (primer semestre de 1: 2023 millones de libras esterlinas)
· Earnings per share increased to 1.4p (H1 2023: 0.1p)
· El efectivo neto2 aumentado a £ 11.0 millones (H1 2023: £ 7.6 millones)
Destacados estratégicos
· H1 performance underpinned by resilient business model and introduction of strategic initiatives
o Warehouse Wines proposition showing encouraging early results, with c.2k customers and an 'excellent' Trustpilot rating secured
o Brand refresh complete and being rolled out across channels
o Five O'clock Somewhere Wine Club and Vineyard Collection set to launch before year-end
· Customer base remains active and loyal, with ongoing focus on high quality customer acquisition
o New customer conversion rate up 22% year-on-year
o Cancellation rate of the WineBank scheme at an 18 month low at 16.8%
o 14% reduction in fully costed cost per recruit
· WineBank achieved its second highest H1 revenue since inception in 2010
o Membership up 1% to 152k
o Subscription sales up 6.5% to £20.5m
· Operational efficiency continued to improve
o Inventory reduced by 24% year-on-year
o New Warehouse Management System (WMS) operated highly effectively during peak, and now realising expected benefits from its implementation with more to come
o 25% reduction in warehouse fulfilment costs per case achieved
· Proactive management of costs to mitigate input pressures and increased alcohol duty sustained gross product margin of 37.2% (H123: 36.5%)
Perspectivas y comercio actual
· Positive H1 performance in spite of cost and consumer pressure gives confidence in ability to meet FY24 profit expectations
· The Group continues to look at opportunities to grow including through new ventures such as Warehouse Wines, M&A fulfilling strict criteria, and building organic growth through existing sales channels
· The Board continues to review the current Capital Allocation policy with reference to potential M&A opportunities, dividend and share buyback policies. Given the strong Group cash position and the current share price, the Board has approved a limited share buyback programme starting in the coming weeks to cover future commitments under Group share incentive schemes. Further details will be announced in due course
(1) Underlying EBITDA is before share based payments
(2) Net cash of £11.0m is total cash of £17.4m less Wine Bank customer deposits of £6.4m
Jay Wright, director ejecutivo de Virgin Wines, dijo:
"We are pleased to report a positive first half performance, with the underlying business performing well including through the peak Christmas period, and the introduction of our key strategic initiatives better positioning the Company to achieve further growth into the future. Our customer base remains active and loyal, with cancellation rates continuing to trend positively despite macroeconomic uncertainties. We remain focused on high quality customer acquisition and are pleased that our conversion rate increased by 22% year-on-year. Our flagship WineBank offering continues to prove popular, with the scheme achieving its second highest H1 revenue since inception.
Looking ahead, we remain optimistic about the future prospects of the Group. Warehouse Wines, our new proposition, has delivered encouraging early results, bringing in almost 2,000 previously 'lapsed' customers, and we have received positive feedback on our brand refresh. We expect a full year profit for 2024 in line with market expectations and continue to look at opportunities to continue our growth trajectory moving forward."
Consultas:
Vinos vírgenes Reino Unido plc Jay Wright, director ejecutivo Graeme Weir, director financiero
| Vía Hudson Sandler |
Liberum Capital Limited (Asesor Nominado y Único Broker) eduardo tomas dru danford Juan Fishley
| Tel: +44 20 3100 2222 |
hudson sandler (Relaciones públicas) Alex Brenan dan de belder charlotte cobb harry griffiths
| GME@dhr-rgv.com Tel: +44 20 7796 4133 |
Notas para los editores:
Virgin Wines es uno de los minoristas de vino directo al consumidor en línea más grandes del Reino Unido. Es una empresa galardonada que tiene la reputación de suministrar y curar productos de alta calidad, excelentes niveles de servicio al cliente y formas innovadoras de venta minorista.
La empresa, que tiene su sede en Norwich, Reino Unido, fue establecida en 2000 por Virgin Group y posteriormente fue adquirida por Direct Wines en 2005 antes de ser comprada por el equipo directivo de Virgin Wines, encabezado por el CEO Jay Wright y el CFO Graeme Weir, en 2013. Cotiza en el Mercado de Inversiones Alternativas (AIM) de la Bolsa de Valores de Londres en 2021.
Virgin Wines has more than 600 wines and 100 spirits in its portfolio, which it sells to an active customer base including over 150,000 members of its subscription schemes. It has approximately 200 employees and a global network of trusted winemaking partners and suppliers around the world.
La empresa genera la mayoría de los ingresos a través de su esquema de suscripción WineBank de rápido crecimiento, utilizando una variedad de canales de marketing, así como a través de su equipo Wine Advisor, el canal Wine Plan y el servicio Pay As You Go.
Además de su amplia gama de productos galardonados, Virgin Wines estuvo encantada de ser nombrado Minorista de bebidas en línea del año 2022 en los Drinks Retailing Awards del año pasado, además de recibir el premio de bronce al Centro de contacto del año en los 2022 UK. Premios Nacionales de Contact Center.
https://www.virginwinesplc.co.uk/
DECLARACIÓN DEL JEFE EJECUTIVO
Visión general del negocio
I am pleased with our H1 2024 performance, as we made good progress across the Company. The introduction of our strategic initiatives and the strength of the underlying business drove a 122% year-on-year increase in EBITDA and a reduction in warehouse fulfilment costs of 25% compared to H1 2023, further reinforcing our consistently strong balance sheet (with an increase in net cash from £7.6m by the end of December 2022 to £11m in December 2023). Inventory levels also reduced, by 24% year-on-year, despite the challenging consumer environment, highlighting the resilient and robust nature of our business model.
It is particularly satisfying that our customers remain active and loyal, with the rolling 12-month cancellation rate on our flagship WineBank scheme at an 18-month low and our new customer conversion rate up 22% on last year, as we continue to prioritise driving high-quality customers through our low-cost acquisition channels.
We also completed a brand refresh and have been delighted with the overwhelmingly positive feedback received to date. The refresh is now being rolled out across all sales and other communication channels, whilst the launch of our new value proposition, Warehouse Wines, has delivered encouraging early results.
Our buying model continues to perform well, enabling us to mitigate higher cost pressures where possible. These include glass, bottling and packaging, as well as the largest increase in alcohol duty in 50 years, which was implemented in August 2023. Despite this, our mitigating actions helped to ensure we still achieved an increase in the gross product margin, from 36.5% in H1 2023 to 37.2% in H1 2024.
En todo alentador, costs have eased from their peak levels over the past year, with supporting positive movements on currency. Nonetheless the careful management of costs is an ongoing focus across the business, and we have a cost reduction plan that will ensure we continue to cement our position as the player with the lowest 'cost to serve' in the sector - whether that be in operations, customer acquisition or marketing.
Resumen comercial
Revenue for H1 2024 increased by 2% to £34.3m (H1 2023: £33.6m) while EBITDA increased 122% to £1.75m (H1 2023: £0.8m). The increased profit was driven by the revenue lift, an increase in gross margins, significantly reduced operating variables and prudent cost control in relation to our customer acquisition. Sales from our DTC channels were up 4.5% and revenue through our B2B business was 6.5% higher year-on-year. Sales generated through our email and SMS marketing were particularly positive, with revenue attributable to these channels 16% ahead of H1 2023.
Sales through our gift channel were a highlight, with revenue 17.5% ahead year-on-year. Within this, our Christmas advent calendar campaign again proved successful, with an 18% increase in units sold alongside a reduction in digital advertising costs.
Our Commercial channel continues to grow, up 6% year-on-year. We saw strong growth through corporate gifting over the Christmas period and are pleased to have recently renewed our partnerships with both LNER and Avanti for the supply of wines on board their trains for another two years.
Over the past six months the Group has built upon its strong cash position and remains debt free, with the Board continuously assessing the best means to utilise its cash position to deliver value to shareholders.
la adquisición de clientes
The landscape for recruiting large volumes of new customers in a cost effective and disciplined manner remains challenging. Given that backdrop, we continue to focus on ensuring our investments deliver high conversion rates by concentrating on high quality customer acquisition.
Gross margins on our customer acquisition during H1 2024 doubled, to 14.1% from 7.1% in H1 2023, and delivered a 56% increase in gross profit. This margin increase, alongside our reduced operating costs, helped deliver a reduction in the fully costed cost per recruit of 14%.
Our strategy of focusing on quality recruits also led to a 22% increase in the new customer conversion rate, from 41.1% in December 2022 to 50% in December 2023. This, coupled with the positive reduction in the cancellation rate for our WineBank scheme, led to a 1% increase in the total membership of our subscription schemes, to 152k.
WineBank subscription scheme and customer behaviour
Our flagship WineBank subscription scheme produced a robust performance, with memberships increasing by 1% and sales up 6.5% to £20.5m, the second highest H1 revenue from WineBank customers since its inception. Total revenue generated through our WineBank members is now 75% higher than in H1 2020, highlighting the growth in its popularity and the effects of significant marketing around the scheme underpinning the progress that has been achieved over the past four years.
In addition, the 12-month rolling cancellation rate reduced from 17.8% in December 2022 to 16.8% in December 2023, reflecting the loyalty of the customer base and the initiatives that have been implemented to boost retention rates.
WineBank customer deposits totalled £6.4m at the end of December 2023, down from a high of over £9m at the end of October as customers became more active during November and December. All customer deposits are held in a separate client account and are not used to fund the business or our working capital requirements.
The key limiting factor on more substantial revenue growth is the relatively subdued order frequency rate that has reduced over the past two years, from circa four cases per annum per customer to nearer three cases. However, we are starting to see early signs that this has bottomed out and is beginning to trend more positively, borne out by the increase in the sales retention rate from 80% in H1 2023 to 91% in H1 2024. We are also encouraged by the ongoing loyalty of the customer base, as members remain active and we are confident that, as consumer confidence starts to rise, we will see a return to a higher frequency of purchase.
We continue to receive excellent reviews from customers for both our service levels and the quality of our wines. Our Trustpilot score is rated as 'excellent' at 4.4 stars with over 17,000 five-star reviews. Similarly, our customer wine ratings continue to average over 4 out of 5 and the feedback we receive from our members continues to be a vital component of how we develop our wine ranges from vintage to vintage.
Operaciones
Our warehouse management system operated highly effectively during the peak 2023 Christmas period and we are now realising considerable benefits from its implementation. The cost per case for fulfilment in our distribution centres reduced by 25% year-on-year, and we delivered the highest levels of customer service over the peak period with a continuous ability to despatch orders placed by 4pm for next day delivery.
We still believe there are further efficiencies to be driven by the new WMS and we continue to work hard to deliver these future cost benefits.
The total operating variable per case reduced by 11% over H1 2024 despite a 10% increase in the national living wage for both our customer service and warehouse teams, and cost pressure on courier rates through fuel surcharges and packaging.
Estrategia de compra
In August 2023, the wine sector in the UK was subjected to the largest single rise in alcohol duty, increasing the cost of wines with an alcohol level between 11.5% and 14.5% from £2.23 a bottle to £2.67. This 20% increase, which affects the vast majority of wine and does not include VAT, comes at a time when customers have been particularly price sensitive.
We are fortunate that our open source buying model has allowed us to partially mitigate the effects of this duty change by enabling us to quickly switch supply to countries and regions that are delivering the very best quality/value ratios in the short term, whilst also working with our global network of winemakers to focus on creating a larger portfolio of lower alcohol wines. Nonetheless, it is not possible to deliver a substantial quantity of wines at 11% abv and below, particularly with red wines and wines from hotter climates.
In the meantime, the excellent work of the buying team has helped us to remain competitive on pricing whilst maintaining quality levels and delivering increased gross product margins. We were delighted that our Head Buyer, Sophie Lord, was recognised throughout the industry as 'UK Buyer of the Year' at this year's Decanter Retailer Awards, and the whole buying team has been short-listed for 'Best Buying Team' at the forthcoming London Wine Fair.
New strategic initiatives
We continue to make good progress on the introduction of a number of new strategic initiatives, and we were pleased to launch our new value proposition, Warehouse Wines, in late October 2023 alongside the ongoing roll-out of our new brand refresh.
We tested the Warehouse Wines proposition with a number of Virgin Wines 'lapsed' customers, offering access to a brand that delivered everyday low pricing in the £6.49-£8.99 per bottle price range on excellent quality wines without any ongoing subscription scheme. The initial launch has been encouraging, with just under 2k customers taking up a Warehouse Wines offer, a 4.4 'excellent' rating on Trustpilot and customer wine ratings at over 4 out of 5, in keeping with those of the core Virgin Wines brand.
More widely, the customer feedback from the initial stage of the brand refresh has been wholly positive, and we continue to roll this out across our different channels. The launch of our Five O'clock Somewhere Wine Club that features outstanding, small batch, boutique wines, handcrafted in McLaren Vale in Australia is imminent, and the initial batch of wines that we have developed for our Vineyard Collection, using our own winemaking expertise and vineyard plots in the South East of England, France, South Africa and Australia are due to be launched in Q4 2024.
Perspectivas y comercio actual
We have been encouraged by both the operational performance and level of profit generated in the first half of the year, which has given us a solid platform moving into H2 2024. Whilst the consumer environment remains challenging, we remain confident that we will deliver a positive year-on-year performance and achieve full year profit in line with our expectations.
January and February are typically the quietest months of the year in our sector. However, March has returned to a more normal level of trading and we look forward to continuing this and delivering year-on-year growth over Q4 2024.
Cost pressures continue and the Board is continuously looking at a variety of ways to reduce costs and maintain our position as being the lowest cost to serve in the DTC wine sector. We also recognise the need to be competitive on pricing and to drive volume in an environment with significant cost inflation. Ensuring we continue to have a cost structure appropriate to the current trading environment, as well as allowing the sales channels to have the flexibility on product margins to deliver growth, is an ongoing focus.
The Group continues to look at opportunities to grow, whether that be investing in its new ventures such as Warehouse Wines, considering any M&A opportunities that may fulfil the strict criteria the business would require, or building on the organic growth of its existing sales channels.
REVISIÓN FINANCIERA
Beneficio antes de impuestos
Profit before tax was £1.1m (H123: £0.1m), reflecting the recovery in performance in H1 2024.
Ingresos
Group revenue increased by 2% in H1 2024, to £34.3m (H123: £33.6m). This was underpinned by the resilience of our main subscription scheme, WineBank, where revenue was up by £1.3m, or 6.5%, year-on-year.
Beneficio bruto
Reported Gross profit margin increased by 2% to 31.1% (H123: 29.1%). Reported Gross Profit margin includes the cost of wine, duty, packaging and delivery costs. Product margins excluding packaging and delivery also increased, to 37.2% (H123: 36.5%).
Exceptional one-off expenses
Exceptional one-off expenses in H1 2024 totalled £0m (H123: £616k). The prior year included exceptional costs relating to the implementation of the Warehouse Management System in September 2022. These were disclosed separately due to their scale and one-off nature.
Comparable
Underlying EBITDA before share based payments was up £965k, or 122%, to £1.755m (H123: £790k).
Pagos basados en acciones
The Group provided for a share-based payment expense of £137k (H123: £89k), relating to the share based long-term incentive plan for the leadership team. These charges have been added back into the underlying EBITDA.
Ingresos financieros
Finance income of £161k (H123: £52k) related to bank interest earned on cash balances.
Gastos financieros
Finance expenses of £80k (H123: £89k) related to the interest charge for Right of Use Assets. The Group has no borrowings so there are no expenses relating to servicing overdrafts or loans.
Ganancias por acción
Basic and Diluted Earnings per share increased to 1.4p in H1 2024, from 0.1p, due to a substantial increase in Profit after Tax to £801k (H123: £73k).
Dividendo
The Board is not recommending the payment of an interim dividend, but it will keep the Group's dividend policy under review.
Moneda extranjera
All Group income is derived from UK activity and denominated in GBP. The Group purchases supplies, mainly wine, from the global market predominantly in Euros, US Dollars and Australian Dollars. The Group hedges its foreign currency purchases to provide clarity on future cost prices.
Inventario
Closing Inventory was down by 24% from the prior year, to £8.4m (H123: £11m). We continue to monitor the wine range and supply chain to ensure we optimise the carrying value of inventories.
efectivo
Gross cash at the period end was £17.4m (H123: £14.1m). The Group monitors net cash after deducting WineBank customer deposits. The net cash in hand excluding WineBank deposits was up £3.4m to £11.0m (H123: £7.6m). WineBank deposits are ringfenced and are not used to fund stock purchases or working capital.
Jay Wright
Director General
25 de marzo de 2024
Resumen de resultados
| Sin auditar | Sin auditar |
| 29-Dec | 31-Dec |
Miles de libras esterlinas | 2023 | 2022 |
Ingresos | 34,286 | 33,627 |
Beneficio bruto | 10,654 | 9,774 |
Beneficio bruto % | 31.1% | 29.1% |
| ||
Underlying operation expenses | (8,899) | (8,984) |
| ||
EBITDA subyacente | 1,755 | 790 |
| ||
Beneficio antes de impuestos | 1,057 | 90 |
| ||
Activos netos | 22,760 | 22,235 |
Efectivo y equivalentes de efectivo | 17,412 | 14,128 |
| ||
Underlying EBITDA excludes share based payments |
Vinos Vírgenes Reino Unido Plc |
Condensed consolidated statement of comprehensive ingresos |
por el período terminado el 29 de diciembre 2023 |
Sin auditar | Sin auditar | ||
Note | 29 Diciembre 2023 | 30 Diciembre 2022 | |
000 £ | 000 £ | ||
Ingresos | 34,286 | 33,627 | |
Costo de ventas | (23,632) | (23,853) | |
Bruto beneficio | 10,654 | 9,774 | |
Funcionamiento gastos | (9,678) | (9,647) | |
Funcionamiento beneficio | 3 | 976 | 127 |
Finanzas ingresos | 5 | 161 | 52 |
Finanzas costos | 6 | (80) | (89) |
Beneficio antes impuestos | 1,057 | 90 | |
Taxation | (256) | (17) | |
Profit for the financial period and total comprehensive ingresos |
801 |
73 | |
Utilidad por acción básica y diluida (peniques) |
7 |
1.4 |
0.1 |
Vinos Vírgenes Reino Unido Plc |
Condensed consolidated statement of financial posición |
al 29 de diciembre 2023 |
Sin auditar | Sin auditar | auditado | ||
29 Diciembre 2023 | 30 Diciembre 2022 | 30 Junio | ||
Note | 2023 | |||
000 £ | 000 £ | 000 £ | ||
BIENES | ||||
No corriente activos | ||||
Intangible activos | 8 | 11,145 | 11,424 | 11,350 |
Propiedad, planta y equipo | 9 | 306 | 487 | 402 |
Derecho de uso activos | 10 | 2,620 | 3,007 | 2,870 |
Impuesto diferido activo | 240 | 411 | 496 | |
Total Non-corriente activos | 14,311 | 15,329 | 15,118 | |
Current activos | ||||
Los inventarios | 8,400 | 11,046 | 8,367 | |
Comercio y otros cuentas por cobrar | 11 | 2,689 | 2,484 | 2,615 |
Derivados financieros instrumentos | 6 | 26 | - | |
Efectivo y efectivo equivalentes | 17,412 | 14,128 | 13,514 | |
Corriente Total activos | 28,507 | 27,684 | 24,496 | |
Total activos | 42,818 | 43,013 | 39,614 | |
RESPONSABILIDADES Y EQUIDAD | ||||
Current pasivo | ||||
Comercio y otros cuentas por pagar | 12 | (16,718) | (17,074) | (14,206) |
Derivados financieros instrumentos | - | - | (12) | |
Arrendar fiscal | (534) | (527) | (521) | |
Préstamos y préstamos | - | - | - | |
Corriente Total pasivo | (17,252) | (17,601) | (14,739) | |
No corriente pasivo | ||||
Provisiones | (344) | (313) | (321) | |
Arrendar fiscal | (2,462) | (2,864) | (2,732) | |
Total no corriente pasivo | (2,806) | (3,177) | (3,053) | |
Total pasivo | (20,058) | (20,778) | (17,792) | |
Red activos | 22,760 | 22,235 | 21,822 | |
Equidad | ||||
Compartir capital | 13 | 558 | 558 | 558 |
Compartir producto de más alta calidad. | 11,989 | 11,989 | 11,989 | |
Cuota propia reserva | - | (36) | - | |
Fusión reserva | 65 | 65 | 65 | |
Otro reserva | 539 | 184 | 402 | |
retenido ganancias | 9,609 | 9,475 | 8,808 | |
Total Equidad | 22,760 | 22,235 | 21,822 |
Vinos Vírgenes Reino Unido Plc |
Condensed consolidated statement of changes in equidad |
por el período terminado el 29 de diciembre 2023 |
Llamado up Capital social |
Compartir premium | Propia comparte reserva |
Reserva de fusión |
Otra reserva |
Ganancias retenidas | Accionistas totales fondos | |
000 £ | 000 £ | 000 £ | 000 £ | 000 £ | 000 £ | ||
2 julio 2022 | 558 | 11,989 | (36) | 65 | 95 | 9,402 | 22,073 |
Beneficio para la financiera año | - | - | - | - | - | 73 | 73 |
Basado en acciones pagos | - | - | - | - | 89 | - | 89 |
30 de diciembre 2022 sin auditar | 558 | 11,989 | (36) | 65 | 184 | 9,475 | 22,235 |
1 julio 2023 |
558 |
11,989 |
- |
65 |
402 |
8,808 |
21,822 |
Beneficio para la financiera año | - | - | - | - | - | 801 | 801 |
Basado en acciones pagos | - | - | - | - | 137 | - | 137 |
29 de diciembre 2023 sin auditar | 558 | 11,989 | - | 65 | 539 | 9,609 | 22,760 |
Vinos Vírgenes Reino Unido Plc |
Condensed consolidated statement of cash flujos |
por el período terminado el 29 de diciembre 2023 |
Sin auditar | Sin auditar | |
29 Diciembre 2023 | 30 Diciembre 2022 | |
000 £ | 000 £ | |
Flujos de efectivo de operación actividades | ||
Beneficio antes impuestos | 1,057 | 90 |
Ajustes para: | ||
Depreciación y amortización | 642 | 573 |
Financiamiento neto costos | (81) | 37 |
Basado en acciones pago | 137 | 89 |
Disminución/(aumento) del comercio y otros cuentas por cobrar | (80) | (17) |
Aumento En inventarios | (33) | (2,393) |
(Disminución) / aumento del comercio y otros cuentas por pagar | 2,522 | 1,647 |
Efectivo neto (utilizado en)/generado de operaciones actividades | 4,164 | 26 |
Flujos de efectivo de la inversión actividades | ||
Interés recibido | 161 | 52 |
Purchase of intangible and tangible fixed activos | (90) | (716) |
Efectivo neto utilizado para invertir actividades | 71 | (664) |
Flujos de efectivo por financiamiento actividades | ||
Pago de arrendamiento pasivo | (257) | (215) |
Pago de arrendamiento intereses | (80) | (89) |
Efectivo neto utilizado en financiamiento actividades | (337) | (304) |
Neto (disminución) / aumento de efectivo y efectivo equivalentes | 3,898 | (942) |
Efectivo y equivalentes de efectivo al inicio de período |
13,514 |
15,070 |
Efectivo y equivalentes de efectivo al final de período | 17,412 | 14,128 |
3,898 | (942) |
1 | General Información The principal activity of the Group is import and distribution of vino.
La Compañía se constituyó el 1 de febrero de 2021 en el Reino Unido y es una sociedad pública limitada por acciones registradas en Inglaterra y Gales. El domicilio social es 37-41 Roman Way Industrial Estate, Longridge Road, Ribbleton, Preston, Lancashire, Reino Unido, PR2 5BD. El número de empresa registrada es 13169238. |
2 |
Contabilidad significativa políticas
Base de preparación The consolidated interim financial information of the Virgin Wines UK Plc group have been prepared in accordance with the principal accounting policies used in the Group's consolidated financial statements for the year ended 30 June 2023. These interim financial statements should be read in conjunction with those consolidated financial statements, which have been prepared in accordance with the international accounting standards in conformity with the requirements of the Companies Act 2006.
Estos estados financieros intermedios no cumplen plenamente con la NIC 34 'Información financiera intermedia', como lo permiten actualmente las reglas de AIM.
Costo histórico convención The interim financial information has been prepared on a historical cost basis except for certain financial assets and liabilities (including derivative instruments), measured at fair value through the income statement. |
2 | Contabilidad significativa políticas | ||
Registrarse preocupación Las actividades comerciales del Grupo, junto con los factores que probablemente afecten su futuro desarrollo, desempeño y posición se establecen en la Declaración de los Directores Ejecutivos, que también describe la situación financiera del Grupo.
Durante el período, el Grupo cumplió con sus requerimientos diarios de capital de trabajo a través del efectivo generado por las actividades operativas. Las previsiones y proyecciones del Grupo, teniendo en cuenta los cambios razonablemente posibles en el rendimiento comercial, muestran que el Grupo debería poder operar utilizando el efectivo generado por las operaciones y que no se requerirán facilidades de préstamo adicionales.
Una vez evaluados los principales riesgos, los Administradores consideraron adecuado adoptar el principio contable de empresa en funcionamiento en la preparación de sus cuentas anuales consolidadas.
Goodwill Goodwill is not amortised but is reviewed annually for impairment. The recoverable amount of the Group's single cash-generating unit (CGU) is determined by calculating its value in use. The value in use calculation requires the Group to estimate the future cash flows expected to arise from the single CGU and to use a suitable discount rate in order to calculate the present value. The value in use is then compared to the total of the relevant assets and liabilities of the CGU. | |||
3 |
Funcionamiento beneficio | ||
Operating profit is stated after carga/(abono): | |||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
000 £ | 000 £ | ||
Inventory charged to cost of ventas | 21,575 | 21,416 | |
Amortización de activos intangibles (nota 8) | 272 | 209 | |
Depreciation of property, plant and equipment (note 9) | 120 | 109 | |
Depreciation of right of use asset (note 10). | 250 | 255 | |
Net exchange gains (including movements on fair value through profit and loss derivados) | (22) | 8 | |
Movimiento en inventario provisión | (38) | (35) |
4 | Basado en acciones pagos | ||
In the period ended 29th December 2023 the Group operated an equity-settled share-based payment plan as described below.
The charge in the period attributed to the plan was £137k (H1 2023: 89 libras esterlinas).
Under the Virgin Wines UK Plc Long-Term Incentive Plan, the Group gives awards to Directors and senior staff subject to the achievement of a pre-agreed revenue and net profit figure for the financial year of the Group, three financial years subsequent to the date of the award. These shares vest after the delivery of the audited revenue and profit figure for the relevant financial year has been announced.
Los premios se otorgan en virtud del plan sin contraprestación y no conllevan dividendos ni derechos de voto. Los premios se pueden ejercitar por el valor nominal de la acción de £0.01. Los premios se pierden si el empleado abandona el Grupo antes de que se concedan los premios, excepto en circunstancias en las que el empleado sea considerado un "buen egresado". | |||
Sin auditar |
Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
Acciones | Acciones | ||
Outstanding at start of período | 2,811,645 | 1,216,739 | |
Otorgado durante el período | - | 2,366,798 | |
Sobresaliente al final de período | 2,811,645 | 3,583,537 | |
The Company granted its first share options on 23 June 2021. Further share options were granted on 6 December 2021 and 6 December 2022.
The awards outstanding at 29 December 2023 have a weighted average remaining contractual life of 1.4 years (30 December 2022: 2.2 years).
The fair value at grant date was determined with reference to the share price at grant date, as there are no market- based performance conditions and the expected dividend yield is 0%. Therefore there was no separate option pricing model used to determine the fair value of the awards. | |||
5 |
Finanzas ingresos | ||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
000 £ | 000 £ | ||
Banca intereses | 161 | 52 |
6 | Finanzas costos | ||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
000 £ | 000 £ | ||
Interest payable for lease pasivo | 80 | 89 | |
7 |
Ganancias por comparte | ||
Las ganancias por acción básicas y diluidas se calculan dividiendo las ganancias atribuibles a los accionistas por el número promedio ponderado de acciones ordinarias emitidas durante el período. | |||
The calculation of basic profit per share is based on the following datos: | |||
Estatutario EPS | |||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
Ganancias (Miles de libras esterlinas) | |||
Beneficio después deuda | 801 | 73 | |
Earnings for the purpose of basic earnings per comparte | 801 | 73 | |
Número de las acciones | |||
Weighted average number of shares for the purposes of basic earnings per comparte | 55,837,560 | 55,837,560 | |
Weighted average number of shares for the purposes of diluted earnings per comparte | 58,649,205 | 57,054,299 | |
Utilidad básica y diluida por acción ordinaria (peniques) | 1.4 | 0.1 |
8 | Intangible activos | |||
Grupo procesos | ||||
Goodwill | Software | Total | ||
000 £ | 000 £ | 000 £ | ||
Cost | ||||
Al 2 de julio 2022 | 9,623 | 2,781 | 12,404 | |
Adiciones | - | 520 | 520 | |
30 de diciembre 2022 sin auditar | 9,623 | 3,301 | 12,924 | |
Al 1 de julio 2023 | 9,623 | 3,480 | 13,103 | |
Adiciones | - | 67 | 67 | |
29 de diciembre 2023 sin auditar | 9,623 | 3,547 | 13,170 | |
Amortización acumulada y discapacidad | ||||
Al 2 de julio 2022 | - | 1,291 | 1,291 | |
Amortización CHARGE | - | 209 | 209 | |
30 de diciembre 2022 sin auditar | - | 1,500 | 1,500 | |
Al 1 de julio 2023 | - | 1,753 | 1,753 | |
Amortización CHARGE | - | 272 | 272 | |
29 de diciembre 2023 sin auditar | - | 2,025 | 2,025 | |
Libro neto propuesta de | ||||
Al 29 de diciembre de 2023 sin auditar | 9,623 | 1,522 | 11,145 | |
Al 30 de junio de 2023 auditado |
9,623 |
1,727 |
11,350 | |
Al 30 de diciembre de 2022 sin auditar |
9,623 |
1,801 |
11,424 |
9 | Propiedad, planta y equipo | ||||
Propiedad en arrendamiento | Módulo hardware & almacén equipo |
Partidos de fútbol & guarniciones |
Total | ||
000 £ | 000 £ | 000 £ | 000 £ | ||
Cost | |||||
Al 2 de julio 2022 | 20 | 899 | 385 | 1,304 | |
Adiciones | - | 71 | 125 | 196 | |
30 de diciembre 2022 sin auditar | 20 | 970 | 510 | 1,500 | |
Al 1 de julio 2023 | 20 | 980 | 538 | 1,538 | |
Adiciones | - | 9 | 15 | 24 | |
29 de diciembre 2023 sin auditar | 20 | 989 | 553 | 1,562 | |
Acumulado depreciación | |||||
Al 2 de julio 2022 | 20 | 612 | 272 | 904 | |
Cargo por el año | - | 63 | 46 | 109 | |
30 de diciembre 2022 sin auditar | 20 | 675 | 318 | 1,013 | |
Al 1 de julio 2023 | 20 | 750 | 366 | 1,136 | |
Cargo por el período | - | 69 | 51 | 120 | |
29 de diciembre 2023 sin auditar | 20 | 819 | 417 | 1,256 | |
Libro neto propuesta de | |||||
Al 29 de diciembre de 2023 sin auditar | - | 170 | 136 | 306 | |
Al 30 de junio de 2023 auditado |
- |
230 |
172 |
402 | |
Al 30 de diciembre de 2022 sin auditar |
- |
295 |
192 |
487 | |
Depreciation is charged to operating expenses in the profit and loss cuenta. |
10 | Derecho de uso activos | |||
Propiedad en arrendamiento |
Módulo hardware & equipo de almacén |
Total | ||
000 £ | 000 £ | 000 £ | ||
Cost | ||||
Al 2 de julio 2022 | 5,060 | 143 | 5,203 | |
30 de diciembre 2022 sin auditar | 5,060 | 143 | 5,203 | |
Al 1 de julio 2023 | 5,060 | 252 | 5,312 | |
29 de diciembre 2023 sin auditar | 5,060 | 252 | 5,312 | |
Acumulado depreciación | ||||
Al 2 de julio 2022 | 1,891 | 50 | 1,941 | |
Cargo por el período | 241 | 14 | 255 | |
30 de diciembre 2022 sin auditar | 2,132 | 64 | 2,196 | |
Al 1 de julio 2023 | 2,357 | 85 | 2,442 | |
Cargo por el período | 225 | 25 | 250 | |
29 de diciembre 2023 sin auditar | 2,582 | 110 | 2,692 | |
Libro neto propuesta de | ||||
Al 29 de diciembre de 2023 sin auditar | 2,478 | 142 | 2,620 | |
Al 30 de junio de 2023 auditado |
2,703 |
167 |
2,870 | |
Al 30 de diciembre de 2022 sin auditar |
2,928 |
79 |
3,007 |
11 | Comercio y otros cuentas por cobrar | ||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
000 £ | 000 £ | ||
Importes vencidos dentro de un año: | |||
Trading cuentas por cobrar | 1,591 | 1,562 | |
Contrato activos | 966 | 922 | |
Otro cuentas por cobrar | 132 | - | |
2,689 | 2,484 | ||
12 |
Comercio y otros cuentas por pagar | ||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
000 £ | 000 £ | ||
Trading cuentas por pagar | 4,648 | 4,674 | |
Taxation and social EN LINEA | 3,119 | 3,440 | |
Contrato pasivo | 6,548 | 6,734 | |
Devengos y otros acreedores | 2,403 | 2,226 | |
16,718 | 17,074 |
13 | Compartir capital | ||
Sin auditar | Sin auditar | ||
29 Diciembre 2023 | 30 Diciembre 2022 | ||
000 £ | 000 £ | ||
Authorised, Allotted, called up and fully dinero | |||
55,837,560 (2022: 55,837,560) ordinary shares of £0.01 cada una | 558 | 558 |
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.