Australian Vintage Limited - FY23 Vintage and Trading Update
AVG's 2023 vintage is expected to be down -22% to 80kt, with AVG outperforming the industry vintage decline of -40%. FY23 guidance provided with...
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Australian Vintage Limited - Easing of Shipping Costs to Improve FY24 Margins
Gross profit margins fell to 29.4%, (1H22: 33.8%) below our estimate of 30%, due to higher shipping costs and negative FX movements.
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Australian Vintage Limited - Sale & Leaseback Strengthens Balance Sheet to Pursue Growth
AVG have announced the sale and leaseback of their Coldridge and Grande Junction commercial vineyards to Warakirri Asset Management (WAM) for $62.5m.
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Australian Vintage Limited - Challenging Trading Conditions Impact Near-Term Outlook
YTD trading volumes are in-line with last year, but revenue is -3% lower than pcp, despite minor price increases, as sales mix shifts to lower...
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Australian Vintage Limited - Inflationary Headwinds Dampen a Strong Result
Revenue of $260.1m (-12% pcp) was in-line with our estimate (MAe: $260.0m), with the year-on-year decline led by a reduction in bulk wine sales and...
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