Edison Investment Research - Marlborough Wine Estates Group (MWE) Posts loss for FY16, affirms FY17 KOMs

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Edison Investment Research

Moira Daw

Posts loss for FY16, affirms FY17 KOMs

Marlborough Wine Estates (MWE) has reported a NZ$0.9m statutory net loss for FY16 on revenue of NZ$7.4m. The company has affirmed its FY17 key operating milestones for harvest, wine tonnages and international and New Zealand bottled wine sales. MWE, which was formed in March 2015 to acquire vineyard assets comprising the Otuwhero Estate from Min (James) Jia, is targeting the development of a premium New Zealand white wine brand in China. It is also looking further afield to the US, Japan and Korea for its wine and non-wine related products.

05/09/2016 4 EN

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.

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NZMWEE0001S6 NZX New Zealand

Provider

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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Analysts

Moira Daw

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Posts loss for FY16, affirms FY17 KOMs

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Marlborough Wine Estates - Half-year preliminary results

Manx Financial Group - Termination of coverage

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Topps Tiles - Accelerating growth through Q125

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