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Comvita reports strong China market sales during 11:11event

Operational Update24 November 2020CVTIndustrials

25 November 2020



Comvita reports strong China market sales during 11:11 event (Singles Day)


11:11 is the World’s biggest shopping event and is a key activity in the Comvita annual calendar. Comvita

is pleased to advise that it achieved strong sales in its China Subsidiary on 11:11 (Singles day) with revenue

improved by 17% on last year in line with expectations. Comvita also recorded the third highest sales for

any New Zealand brand across all categories during this event on Alibaba.


David Banfield, Comvita Group CEO commented “We are very pleased with the results that we achieved

during 11:11 with sales year on year showing good double-digit growth. We are also delighted to be the

third highest ranking New Zealand brand across all categories. This is as a result of our renewed focus on

our World leading Mānuka honey and the benefit of having our own subsidiary and team on the ground in

China.”


Comvita will update the market on its Interim results in February 2021 but in the meantime is pleased to

report that October saw it deliver its tenth consecutive profitable month (Since Januar y 2020).



Ends.



For further information

Comvita CEO, David Banfield, 027 720 9082





Background information

About Comvita (www.comvita.co.nz)

Comvita (NZX:CVT) was founded in 1974 and is the pioneer and global market leader of the Mānuka

honey category. Comvita is committed to the long-term development of Mānuka and Bee products

backed by unrivalled scientific knowhow. Comvita recently announced its sponsorship of the NZ pavilion

at the World Expo in Dubai focusing on Kaitiakitanga (guardianship and protection of the planet).

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