Optimism paired with results
Winery Benchmarking 2016
It is with great pleasure to present the 2016 results of our annual benchmarking survey, in conjunction with New Zealand Winegrowers.
It is very pleasing to see another year with all categories reporting positive average net profit results, and generally healthy financial ratios, which also aligned with the large 2016 harvest. Optimism in the export market opportunities has also featured strongly in the results.
After 10 years of producing this report, we undertook a comprehensive review of the survey process and report contents, with a specific focus on making it as easy as possible for wineries to participate and benefit in the value of benchmarking their businesses. It is with this in mind that we thank all of those who provided the valuable feedback that allowed us to ensure that the most important content and measures remained part of the survey.
The New Zealand wine industry continues to show sound financial metrics in 2015 on the back of profitability in all but the smallest wineries and stable or increased gross margins across the board, according to the tenth annual financial benchmarking survey released by Deloitte.
The turnaround in the New Zealand wine industry has continued in 2014 on the back of improved profitability across wineries of all sizes, according to the ninth annual financial benchmarking survey released today by Deloitte and New Zealand Winegrowers.
Vintage 2013 produced a record harvest of 345,000 tonnes of grapes; up significantly from the low 2012 vintage, however key learnings coming out of the tough times endured from 2008 are believed to be standing the industry in good stead to be able to deal with this increased supply.
The results of the seventh annual survey on the whole confirms further improvement but there is certainly still a long way to go to be at a point where the financial returns from the industry provide an appropriate financial return on the capital invested.