How did Marlborough Wine Estates (NZX:MWE) fare in FY22?

September 03, 2022 06:21 AM NZST | By Manika
Follow us on Google News:


  • MWE reports a revenue growth of 8%

  • The company also reported improved profits after tax

  • It received several international acclaims and accolades

New Zealand’s prominent wine company, Marlborough Wine Estates Group Limited (NZX:MWE), reported its unaudited FY22 results on 29 August. The wine company with several international acclaims returned to profitability and expansion of its wine brands in key markets in the year.

MWE reported a revenue growth of 18% at NZ$7.96 million over pcp. Its branded wine sales increased 10% from 38,000 to 42,000 cases. The company’s gross profit increased from NZ$1.2 million to NZ$2.91 million, signifying a 127% YoY growth.

The company also reported an improved profit after tax of NZ$328,012 for FY22 due to the expansion of international markets,  and improved efficiency of its operations.

                    Image source: © Dudau |

In FY22, the company signed several distribution agreements with partners in the UK and the US as well as strengthened partnerships in its Australasian and North American markets.

In international markets, it focused on the `premiumisation’ of its branded wines despite disruptions caused by the COVID-19 pandemic.

In the local market, however, the wine company made significant progress in the distribution of its premium wines with the acquisition of branded wine distribution with Countdown.

Harvested volumes were also up in FY22, up 35% on 2021, despite COVID-19 restrictions that impacted the region. Sales of bulk grapes were also recorded in FY22.

CEO of Marlborough Wine Estate, Catherine Ma, said that although the company faced several challenges, the team was very focused on delivering results. Despite reduced supply from the 2021 vintage, the company was able to grow in NZ’s international markets like the US and the UK.

Because of the focused approach of the team, MWE was able to report improved profitability.

Accolades and Reviews

The company received several accolades and top reviews in FY22.

These include New Zealand: The NZ International Wine Show, Gold for its OUT Marlborough Sauvignon Blanc 2021, Asia Sakura, Japan’s Women’s Wine Awards 2022 and US James Suckling, 91 points. Its OUT Marlborough Pinot Rose 2021 received the New Zealand: International Wine Show, Gold, USA, Limited Release Chardonnay 2021, and New Zealand; Bob Campbell, 95 points, Gold, etc.

Other Wine company

Delagat Group Limited (NZX:DGL) reported record global sales of 3,360,000, up from 182,000 over pcp. This was 6% growth. Its operating NPAT was down 11% to NZ$58.1 million while operating EBITDA was down 8%. The company’s reported NPAT was up 2% over pcp at NZ$63 million. DGL received the Australian Drinks Award 2022 for its white wine.



The content on this website, including, but not limited to, any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (“Content”) is a service provided by Kalkine Media New Zealand Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide financial advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests users seek financial advice from a financial advice provider, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all liability to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without any express or implied warranties of any kind. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit a source wherever it is indicated or is found to be necessary or desirable.

Top Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK