MWE - 2023 Harvest Update and FY23 Earnings Guidance

Marlborough Wine Estates Group Limited (NZX.MWE) is pleased to advise the market with the following update:

- The company has completed the 2023 vintage with volumes up 1.7% on the 2022 vintage and in-line with pre-vintage expectations for the 2023 vintage. As a result Marlborough Wine Estates is projecting a net profit after tax between $0.2m to $0.3m (FY22: $0.32m).

- MWE CEO, Andrew Stafford, commented “Vintage 2023 has produced very high quality grapes which is a direct result of the hard work and attention to detail of our viticultural and winemaking teams”

ENDS

Authority for this announcement

Name of senior manager or director authorised to make this announcement: Andrew Stafford

Contact phone number: 09 215 6650

Contact email address: andrew@otuwines.com

•  2023 Harvest Update and FY23 Earnings Guidance

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

December 31st Morning Report
December 30th Morning Report
December 27th Morning Report
FBU - Fletcher Building Announces Director Appointment
December 23rd Morning Report
MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024
December 20th Morning Report