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Australian Vintage makes merger noises as half-year sales stay flat – results data

Olly Wehring
Last updated: 22/02/2024 at 1:03 PM
By Olly Wehring
22 February 2024
3 Min Read

Australian Vintage has positioned itself as being open to a merger in an update on its business review, alongside results from the second half of last year.


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Sales from six months to end of December dip by 0.7% to AUD136.1m (US$89.2m) "Step-change opportunities" identified in strategic reviewB Corp certification secured A year after booking a 0.6% decline in sales from the first half of fiscal 2023 - the final six months of 2022 - the wine group has this week reported a near-identical top line dip in H1 of its current financial year. AV's longstanding focus on its higher-end brands in preference to the value end of its portfolio was emphasised by the company in its results: The Barossa Valley Wine Co, Nepenthe and Tempus Two brands all delivered do

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TAGGED:Australian Vintage
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
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