MARLBOROUGH WINE ESTATES GROUP LIMITED

Wine producer and distributor.

Marlborough Wine Estates Group Limited Ordinary Shares

Security Type: Ordinary Shares

Sector: Food

http://www.nzmwe.com

Recent Announcements

Title Date Type
2017 Annual Meeting Results 14 Dec 2017, 01:45PM MEETING
Annual Meeting Presentation 14 Dec 2017, 10:16AM MEETING
2017 Notice of Annual Meeting of Shareholders 28 Nov 2017, 10:06AM MEETING
MWE Q1 Business Update 26 Oct 2017, 03:56PM NXTUPDTE
MWE - 2017 AGM and Director Nominations 24 Oct 2017, 10:34AM MEETING
> MORE

Research

Title Date
Research Report for Ma... 05/09/17
> MORE
Denotes 3rd Party Released announcements
Denotes Material or Prescribed announcements

Price History (30 days)

Quarterly Results Target Financial Year
Key Operating Milestones 1st 2nd 3rd 4th 2018 2019
Gross Harvest (tonnes) 1,600
Bulk Grape Sales (tonnes) 1,200
International Wine Sales TBA
New Zealand Bottled Wine Sales Revenue $233,750

NXT Advisor

CM Partners Limited

Upcoming Due Dates

Quarter Business Update Due 30/01/2018
Half Year Preliminary Due 28/02/2018
Quarterly Date 31/03/2018
Interim Report Due Date 31/03/2018
Quarter Business Update Due 01/05/2018
Quarterly Date 30/06/2018

Upcoming Meetings

Contact Information

Secretary
Eric Li
Address
Level 3, Tower One,
205 Queen Street
Auckland Central
Auckland 1010
Phone
+64 9 2156650

COMPANY ANALYSIS

Overview

Marlborough Wine Estates Group Limited owns and operates vineyards in Awatere Valley, Marlborough. It is committed to producing high quality Marlborough Sauvignon Blanc and targeting the premium end of the white wine market. The company is developing growing recognition for its O:TU and Music Bay brands as quality New Zealand white wines, particularly in China.

Performance

This information was extracted from the full year report produced by Marlborough Wine Estates Group Limited released on 31 August 2017:

Today we are releasing our unaudited results for the financial year ended 30th June 2017. It was the first full year for Marlborough Wine Estates Group Limited (MWE) as an NXT listed company and the company has focused on growth and expansion of both international and domestic markets, and developing strong relationships with potential business and distribution partners.

The company's total sales for the year ended 30th June 2017 was $3,821,799. This is lower than the total sales from the previous financial year, due to a large amount of one-off bulk wines sales in the previous financial year.

The company's year ended with net loss after tax of $4,381,727. This was due to the company recognising one-off impairment loss on intangible assets and inventory write down. After adjusting for all the one-off transactions and impairments, the company's normalised EBITDA for the year ended 30th June 2017 is calculated to be $499,054.

In the year ended 30th June 2017, the company has achieved approximately 25% increase in domestic bottled wine sales compared to the previous financial year. This growth was mainly driven by improved sales strategy and sales network, the new products the company released has also proven to be popular in domestic markets.

Disclaimer: This section is provided as general information only. It is not intended as a substitute for legal or professional advice to company directors and officers or investors. NZX Limited disclaims any liability arising from the use of this information.