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Australian Vintage Ltd ( (AU:AVG) ) has issued an update.
Australian Vintage Ltd is undergoing a strategic turnaround to address declining sales and negative cash flows, with FY2026 expected to be transformational. The company is launching the Poco Vino™ brand in the UK and Australia, which has exceeded pre-sales expectations, and expanding the Lemsecco™ brand, anticipating significant sales contributions. Additionally, the acquisition of the Madfish brand and distribution rights for Howard Park will enhance their portfolio in the UK and other regions. Despite a projected 3% decline in FY2025 sales, the company is focused on achieving mid-single-digit sales growth in FY2026, alongside improved inventory management and cash flow.
More about Australian Vintage Ltd
Australian Vintage Ltd is a company in the wine industry, focusing on innovative wine products and strategic market expansions. Their primary products include brands like Poco Vino™ and Lemsecco™, and they have a market focus on expanding their global footprint, particularly in the UK, Europe, and North America.
Average Trading Volume: 707,561
Technical Sentiment Signal: Sell
Current Market Cap: A$28.99M
For an in-depth examination of AVG stock, go to TipRanks’ Stock Analysis page.