Australian Wineries Increase Revenue Strongly

Revenue for Australian wineries was up 10.5% year on year to June 2016, according to new research just released by Wine Business Solutions (WBS). “This is the best we have seen it since we started doing our Direct to Customer benchmarking” says WBS Principal, Peter McAtamney. “Whilst direct sales are driving growth (up 12% and again representing 54% of revenue for wineries producing less the 50,000 cases), all channels performed strongly. Very few wineries reported lower revenue than they were achieving 12 months ago. Those that have decreased in total sales value are typical restructuring their business around higher margin opportunities.”