Virgin Wines UK PLC 2024 AR2
The report highlights Virgin Wines UK plc's financial and operational performance for the fiscal year 2024, showcasing a return to profitability with a profit before tax of £1.7m and a 59% increase in adjusted EBITDA to £2.8m. The company achieved significant operational efficiencies, including a 16% reduction in fulfilment costs and improved delivery accuracy following the optimization of its warehouse management system. On the sustainability front, Virgin Wines conducted its first double-materiality assessment, established a new three-year sustainability strategy, and maintained its carbon-neutral certification under PAS 2060 for the third consecutive year. Additionally, the company increased its bulk shipping to over 45% of wine imports and committed to the Sustainable Wine Roundtable's Bottle Weight Accord to reduce bottle weights by 2026.
Company: Virgin Wines UK PLC
Sector: Consumer Staples
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 61
Virgin Wines UK PLC
Annual Report And Accounts
The report highlights Virgin Wines UK plc's financial and operational performance for the fiscal year 2024, showcasing a return to profitability with a profit before tax of £1.7m and a 59% increase in adjusted EBITDA to £2.8m. The company achieved significant operational efficiencies, including a 16% reduction in fulfilment costs and improved delivery accuracy following the optimization of its warehouse management system. On the sustainability front, Virgin Wines conducted its first double-materiality assessment, established a new three-year sustainability strategy, and maintained its carbon-neutral certification under PAS 2060 for the third consecutive year. Additionally, the company increased its bulk shipping to over 45% of wine imports and committed to the Sustainable Wine Roundtable's Bottle Weight Accord to reduce bottle weights by 2026.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 28, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Total Waste
Employees