Marlborough Wine Estates

NZ: MWE

NZD$67.5m market cap

NZD$0.23 last close

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.

Investment summary

Marlborough Wine Estates Group (MWE) is developing its brands and seeking to expand into international markets. The international wine market is strong and New Zealand (NZ) product has a reputation for quality. In the face of slowdown in the Chinese market, MWE continues to explore US, Japanese, Australian, UK and other markets. In this context, early inroads into the US and Japan are encouraging. In new KOMs, MWE is raising its targets for international and domestic wine sales.

Sector
Consumer
Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 (4.2) (8.0)
Relative* 8.4 0.0 (10.4)
52-week high/low NZ$0.2/NZ$0.2
*% relative to local index
Key management