VIRGIN WINES UK PLC (VINO) — Interim Results for the six months ended 31 December 2021

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Virgin Wines PLC Interim Results Investor Presentation. Only The company may not be in a position to answer every question received during the meeting itself. However, the company review all questions submitted today, and we'll publish those responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll, and your participation, I'm sure, will be greatly appreciated by the company. And I'd now like to hand over to CFO, Graham Ware and c n o CEO, Jay Wright. Good afternoon. Great. Thanks very much, Mark, and welcome, and thank you all for coming along and being part of today's presentation. I'm gonna start off chatting through just some of the the highlights that we've seen in the first half of our financial year. And the trading environment has evolved considerably over recent months. And given strong prior year comparatives, we've worked really hard to maintain encouraging growth from our core sales channels whilst maintaining strict discipline around our customer acquisition and our cost control. The results demonstrated a number of things that give us continued confidence underlying the strength of the business model. We've shown the benefits of our subscription schemes with significantly increased revenues from a highly engaged customer base. We've maintained our discipline in acquiring good quality customers at low cost. We've continued to show our ability to convert profit into cash, and we've seen consistently high ratings from customers for both our range of wines and our customer service. Revenue for the six months to the end of December achieved 40,600,000, in line with the previous year and up 55% on the same period in f y twenty. Our adjusted profit before tax was ...