The Delegate Group reduces in 2025 Benefit Guide due to the United States fare impact

The New Zealand Wine Producers Delegates Group has reduced the forecast for annual profits, pointing to the impact of US rates on sales.

In a New Zealand stock presentation published today (April 28), the company said that the United States moved to a 10% rate in all imports in the country, has caused “an important uncertainty expressed by our North -Americans on the future shipments for the fourth quarter (April – June 2025)”.

“This uncertainty has led to a sales and revised cases and benefits sales,” he said.

The Oyster Bay brand owner has now reduced his projection on the net operation profit after taxes to $ 47-50 million for financial year 25, from the previous forecast of $ 55-60 million. The financial year of the delegate ends on June 30.

It is also projecting sales of world cases of 3,182,000 for the year, a fall of 5% of the previous estimates and 12% lower than the sales of the previous year.

Earlier this month, United States President Donald Trump announced a 90 -day pause on reciprocal rates for many countries, except China. However, a 10% reference rate that came into force on April 5 continues to applicable in all countries.

In the midst of these developments, Delegate has expressed his commitment to the continued commitment to its distributors to confirm “negotiating plans forward”.

The group also emphasized that its negotiation performance of the nine months that ended on March 31 was “online” with “market forecasting and orientation”.

In a separate statement, the company said that its 2025 harvest was “excellent quality”.

The season produced 47,461t of grapes, marking a 39% increase over the performance of 2024 and 5% greater than 2023.

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