Report

Key operating milestone to be missed

Marlborough Wine Estates Group (MWE), which was formed in March 2015 to acquire vineyard assets comprising the Otuwhero Estate from Min (James) Jia, is targeting the development of premium New Zealand white wine brands in China. MWE has notified the market that it expects to fall short of its key operating milestone (KOM) target for international bottled wine sales revenue by more than 10% for the year ended 30 June 2017.
Underlying
Marlborough Wine Estates Group

Marlborough Wine Estates Group Ltd. Marlborough Wine Estates Group Limited is a New Zealand-based company that owns and operates vineyards in Awatere valley. The Company produces Marlborough Sauvignon Blanc and sells bottled and bulk wine in both New Zealand and international markets. It also provides bulk grapes to white wine producers in New Zealand. The Company markets its products under the brands, O:TU and Music Bay.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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