Delegat Group cuts 2025 profit guidance due to US tariff impact

GlobalData

Mon, Apr 28, 2025, 4:16 AM 1 min read

New Zealand-based vino shaper Delegat Group has lowered its forecast for yearly profits, pointing to the interaction of US tariffs connected sales.

In a New Zealand banal speech filing published contiguous (28 April), the institution said the US determination to spot a 10% tariff connected each imports into the state has led to “significant uncertainty expressed by our US distributors regarding guardant shipments for Q4 (April – June 2025)”.

“This uncertainty has led to a revised planetary lawsuit income and nett guidance,” it said.

The Oyster Bay marque proprietor has present chopped its projection connected operating nett net aft taxation to $47-50m for the FY25 year, down from the erstwhile forecast of $55-60m. Delegat's fiscal twelvemonth ends connected 30 June.

It is besides projecting planetary lawsuit income of 3,182,000 for the year, a 5% autumn from anterior estimates and 12% little than erstwhile year's sales.

Earlier this month, US President Donald Trump announced a 90-day intermission connected reciprocal tariffs for galore countries, excluding China. However, a baseline tariff of 10% that took effect connected 5 April remains applicable to each countries.

Amid these developments, Delegat has expressed its committedness to continued engagement with its distributors to corroborate “forward trading plans”.

The radical besides highlighted that its trading show for the 9 months ending 31 March was “in line” with “forecast and marketplace guidance”.

In a abstracted statement, the institution said its 2025 harvest was of “excellent quality”.

The play yielded 47,461t of grapes, marking a 39% surge from the 2024 output and 5% higher than the 2023 figure.

Navigate the shifting tariff scenery with real-time information and market-leading analysis.

Request a escaped demo for GlobalData’s Strategic Intelligence here.