DJ Chapel Down Group plc Harvest 2016 Update
Chapel Down Group Plc
(`CDG' or `the Company')
Harvest 2016 Update
Chapel Down is pleased to report a successful harvest with the highest quality fruit for still and sparkling wines that we have ever received to date. Yields were slightly lower than expectations, although we still collected our third largest harvest. It follows on from an excellent 2015 and outstanding 2014. This augurs well for more higher quality higher value wines and will aid the development of our brand.
A more challenging flowering period following on from a frost free Spring left a lower potential crop, but a wonderful summer and exceptional harvest period meant very low disease pressure, outstanding ripeness levels, perfect balance of acidity and the development of intense flavours. With this fruit our World class winemaking team have the best fruit they have ever had from which they can create more International Award-winning wines of increasing value.
Commenting on the harvest, CEO Frazer Thompson said
"It's been another outstanding year and we're really excited about the potential of the wines we can create from the 2016 vintage. It will really help Chapel Down continue to surprise and delight its customers and keep the development and momentum moving forward. These are exciting times for English wines and Chapel Down in particular."
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Chapel Down Group plc Chief Executive 01580 763 033 Frazer Thompson Finance Director Richard Woodhouse finnCap Ltd Geoff Nash/Simon Hicks Corporate Finance 020 7220 0500 Stephen Norcross Corporate Broking
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(END) Dow Jones Newswires
November 23, 2016 02:00 ET (07:00 GMT)