Marlborough Wine Estates Group (MWE)

Business description

Marlborough Wine Estates Group (MWE) owns and operates six vineyard blocks located in the Awatere Valley in the Marlborough wine district of the South Island of New Zealand. It sells bottled wine to China, NZ and other markets, as well as bulk wine and grapes to wine producers in NZ.

Stock data

Market cap.NZ$73.3m
Last closeNZ$0.25
High / Low (52 weeks)NZ$0.3 / NZ$0.2
Stock market listingNZ
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
SectorFood & Drink

Price performance

Relative *0.9(1.4)(32.7)

* % Relative to local index

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Investment summary

Marlborough Wine Estates Group (MWE), which was formed in March 2015, is targeting the development of premium New Zealand white wine brands in China and internationally. MWE came within 10% of all its key operating milestones (KOMs) for the year. However, it is now seeking to revise its KOM for international bottled wine sales revenue to include revenue from all international wine sales. It has set out its remaining FY18 KOMs, targeting growth in all three measures.

Last updated on 05/09/2017

Key management

Company address

Level 3, Tower One, 205 Queen Street
Auckland Central
New Zealand
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