Latest news with #AustralianVintage
North Wales Live
7 days ago
- Lifestyle
- North Wales Live
Younger generations have more 'balanced' approach to drinking
Half of young drinkers never have more than one glass of wine, while a further 39 percent rarely have more than one and three-quarters of Gen Z believe they're living a more balanced life than the generations before them. Over a quarter say they always have half-drunk bottles of wine in their fridge for an average of a week before it's polished off, while a third won't open a bottle of wine if they don't think they will finish it, according to the poll by Poco Vino. As a nation, 44 percent of Brits say they now regularly just have one glass of wine, with 68 percent admitting they'd skip opening a bottle of wine if they didn't think they'd finish it. Tom Dusseldorp, CEO of Australian Vintage said: 'The research shows what we've been seeing for some time now – that Brits (especially younger generations) are embracing a more balanced approach to drinking."
Yahoo
19-07-2025
- Business
- Yahoo
Australian Vintage ends Victoria vineyard lease to cut reds inventory
Australian Vintage has terminated its lease of a vineyard in Millewa, Victoria, three years ahead of schedule. In a filing on the Australian Stock Exchange, the owner of McGuigan and Tempus Two brands said it 'proactively pursued the opportunity to exit early to support its flexible grape sourcing strategy and inventory reduction'. The vineyard, owned by Fresh Country Farms, produces an estimated 10,000 to 12,000t of predominantly red winegrapes. The lease, originally set to expire after the 2028 vintage, was ended on 16 July. Australian Vintage expects the removal of these varietals from the supply chain to provide a net cash flow benefit of A$8m ($5.2m) over the remaining lease term, despite a A$2m exit fee and ongoing payments equivalent to lease fees as part of the exit contract. In efforts to raise capital and lower debts amid a what it describes as a 'difficult 2024', Australian Vintage ended a long-term lease with the owners of the Balranald vineyard in New South Wales last May. Two months later, it sold a vineyard in South Australia to The Randall Wine Group. The company has also undergone significant leadership changes, appointing a new CEO and board members. In April 2025, Australian Vintage promoted chief commercial officer Tom Dusseldorp to CEO, succeeding Craig Garvin, who was reappointed as CEO last October. In May, Australian Vintage acquired international ownership rights to the MadFish brand from Burch Family Wines, describing the deal as 'strategically important' for its UK operations. 'It provides a scalable – over 200,000 cases – balance to red-wine centric McGuigan and gives the portfolio a much-needed lighter varietal range,' the group said at the time. In its 2023/24 fiscal year, the company's revenue rose 1% to A$261m, with underlying EBITS up 24% at A$13m and underlying NPATS growing 29% to A$5m, despite posting a loss of A$93m. For the first half of its 2024/25 fiscal year, ending 31 December, Australian Vintage reported a 7.4% drop in revenue to A$126.1m. Gross margins fell 11% to A$35.4m. However, the group noted its 'best cash performance in four years,' with normalised cash outflow improving by A$11m to A$8m. The company saw declines in reported and underlying EBITDAS, with the former dropping 22.7% to A$11.2m and the latter decreasing 20% to A$13.2m. Underlying EBITS dropped A$2m to A$6m, reflecting cost focus amid challenging industry conditions. Australian Vintage booked a net loss of A$473,000, compared to a net profit of A$2.8m a year earlier. "Australian Vintage ends Victoria vineyard lease to cut reds inventory " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Wine group Australian Vintage buys international rights to MadFish brand
Wine company Australian Vintage has acquired the international ownership rights to the MadFish brand from local group Burch Family Wines. In a stock-exchange filing, Australian Vintage described the deal as "strategically important" to the company in the UK, offering a counterpoint to its flagship McGuigan brand. 'It provides a scalable – over 200,000 cases – balance to red-wine centric McGuigan and gives the portfolio a much-needed lighter varietal range,' the group added. Australian Vintage is also taking over the distribution of Burch Family Wines' Howard Park Wines in the UK, Ireland, Europe and Canada. Burch Family Wines will maintain the ownership and distribution rights for MadFish and Howard Park brands in Australia. Australian Vintage CEO Tom Dusseldorp, who was appointed last month, said both brands 'will complement Australian Vintage's existing stable of award-winning labels, providing increased volume and value without increased overhead'. Jeff Burch, CEO of Burch Family Wines, added: 'Australian Vintage's global customer relationships, distribution, bottling and network are world class and we are confident they can accelerate both MadFish and Howard Park's presence across the globe.' The two companies will also form a long-term sourcing and processing partnership to 'to ensure continuity of quality as the MadFish brand grows', Australian Vintage said. In addition to the MadFish agreement, Australian Vintage has upgraded its net-sales forecast for its new Poco Vino brand from A$8m ($5.2m) to 'conservatively' over A$10m, citing more than 4,000 confirmed distribution points for its launch. Australian Vintage is launching Poco Vino brand in the UK in July and in Australia in October. Meanwhile, Australian Vintage expects growth for its Lemsecco brand, projecting an additional 80,000 cases to be sold in its 2026 financial year. However, the company cautioned that group sales are forecast to decline by 3% in its 2025 financial year. It pointed to a subdued market and a lack of "significant innovation" during the current financial year. In February, Australian Vintage reported a 7.4% drop in first-half revenue to A$126.1m and an 11% decline in gross margins to A$35.4m for the six months to 31 December. Reported EBITDAS fell 22.7% to A$11.2m, while underlying EBITDAS dropped 20% to A$13.2m. Underlying EBITS declined A$2m to A$6m and the group swung to a net loss of A$473,000 from a A$2.8m profit a year earlier. "Wine group Australian Vintage buys international rights to MadFish brand " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Several Insiders Invested In Australian Vintage Flagging Positive News
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Australian Vintage Ltd's (ASX:AVG) instance, it's good news for shareholders. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The Non-Independent Non-Executive Director Elaine Teh made the biggest insider purchase in the last 12 months. That single transaction was for AU$100k worth of shares at a price of AU$0.13 each. That means that an insider was happy to buy shares at above the current price of AU$0.092. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. While Australian Vintage insiders bought shares during the last year, they didn't sell. They paid about AU$0.15 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for Australian Vintage Australian Vintage is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Australian Vintage insiders own about AU$4.0m worth of shares (which is 13% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership. There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Australian Vintage insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Australian Vintage is showing 2 warning signs in our investment analysis, and 1 of those shouldn't be ignored... Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
29-04-2025
- Business
- Yahoo
Australian Vintage names new CEO
Australian Vintage has promoted chief commercial officer Tom Dusseldorp to CEO. Dusseldorp succeeds Craig Garvin, who 'repositioned and stabilised the company after a difficult 2024' the publicly listed Australian Vintage said today (29 April). The McGuigan Wines and Tempus Two owner re-appointed Garvin as chief executive last October just five months after ending his contract. In May last year, Australian Vintage announced its board had fired Garvin as CEO 'for engaging in conduct that, in its view, displayed a lack of judgement and was inconsistent with the values of the company and the high standards expected of its chief executive officer'. Following his departure, non-executive director Peter Perrin stepped in as acting CEO while the search for a permanent successor was underway. Perrin's interim leadership concluded with his stepping down in August after a cancer diagnosis. Australian Vintage chairman James Williamson then stepped in to take the role. When Garvin was re-appointed, Margaret Zabel, the chair of Australian Vintage's people, remuneration and nomination committee, said: 'Craig has demonstrated his ability to create an effective high-performing team, build a strong culture, and develop enduring relationships with customers and other stakeholders. 'He is the right person to take Australian Vintage forward and we are looking forward to working with him to create value for our shareholders to deliver great wine brands to our customers.' Williamson said today: 'The board appreciates the transformational leadership that Craig has brought to Australian Vintage for many years. 'He returned last year to support the board with a plan to stabilise the company during a difficult 2024 and ensure we had a first-class leadership team in place for the longer term. We are now better positioned as a result of his leadership, including having a clear succession plan in place.' Williamson added: 'We are fortunate to have an exceptional leadership team at Australian Vintage and it's very pleasing to have Tom step up as chief executive.' Dusseldorp joined Australian Vintage in 2022. His career includes roles at Pernod Ricard and Australian food and drinks group Noumi. He said: 'On the back of Craig's leadership over recent months, we now have the opportunity to double down on our work to deliver sustainable, positive cash flow through targeted investments in innovation and brands for accelerated revenue growth.' In Australian Vintage's 2023/24 fiscal year, the company's revenue rose 1% to A$261m ($175.7m). Underlying EBITS was up 24% at A$13m and underlying NPATS grew 29% to A$5m. However, the company saw posted a loss of A$93m. In February, Australian Vintage reported its financial results for the first six months of its fiscal year, a period that ran to 31 December. Revenue dropped 7.4% to A$126.1m, while gross margins were down 11% at A$35.4m. However, the group said its first-half figures marked its 'best cash performance in four years', with normalised cash outflow improving by A$11m, compared to the same period in 2023, to A$8m. The group saw declines in reported and underlying EBITDAS, with the former dropping 22.7% to A$11.2m and the latter decreasing 20% to A$13.2m. Underlying EBITS dropped A$2m on the year prior to A$6m 'reflecting focus cost out performance while navigating challenging industry-wide trading conditions', the group said at the time. Australian Vintage booked an A$473,000 net loss, compared to a net profit of A$2.8m in the corresponding period a year earlier. Garvin said today: 'This is the right time to pass the baton to the next generation of leadership at Australian Vintage. I came back to the company to support James and the board in setting a clear direction to restore shareholder value. I am very pleased to see our succession plan come to life with Tom Dusseldorp appointed as chief executive.' "Australian Vintage names new CEO" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
