Wine producer and distributor.
Security Type: Ordinary Shares
Sector: Food
http://www.nzmwe.com| 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 |
| 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 | |||||
CM Partners Limited
| 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 |
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.
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.