NZ: Wine industry profitability shows improvement
NZ: Wine industry profitability shows improvement
Nov 30, 2012 6
(Guide2) - Seventh annual financial benchmarking survey confirms gradual turnaround, but industry still has a long way to go
All but the largest New Zealand wineries have improved their profitability during the past financial year compared with results in 2011, according to a new survey.
Vintage 2012, the seventh annual financial benchmarking survey for the New Zealand wine industry, was released today by Deloitte and New Zealand Winegrowers. It tracks the results of survey respondents accounting for a third of the industry’s export sales revenue for the 2012 financial year.
Deloitte partner Paul Munro says wineries in all but the highest revenue band (more than $20 million) have improved profitability on their 2011 results and all but the smallest wineries ($0-$1.25m revenue) are turning a profit in 2012.
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