Full Year 2020 Naked Wines PLC Earnings Call Transcript
Welcome to the call. I will now hand over to Nick Devlin, CEO, for a 40-minute presentation. (Operator Instructions)
Good afternoon. And welcome to the Naked Wines annual results for financial year '20. It's a pleasure to be giving a really positive set of results to you all today. I would love to be doing it in person, but we're not living through normal times.
With that said, I'm very excited to be able to share with you the first year of performance for Naked Wines as a fully independent listed company.
We're reporting today a very strong set of results. At the top level, we see revenue growing 14%, slightly ahead of expectation. Digging underneath that, I think there's a really encouraging acceleration of all our key metrics. I mean especially momentum building throughout second half of the financial year. And you've seen that reflecting it pretty high sales retention and higher payback metrics in the reports for the half.
All told, I think the most
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