Floods and financials

By BeertownNZ Fri, 03 Jul 2015 National

Moa – 'We’re NZ’s biggest, fastest craft brewer’

Moa released its 2015 annual report this week and it’s available here. As the only publicly listed craft brewer in New Zealand, Moa’s annual report gives a rare glimpse into the financial workings of the industry.

Moa showed a loss of $5.58 million on a turnover of $6 million.

Moa has annual sales of 1.7 million litres, up 40% on the previous year. The growth has come from New Zealand and Australia while sales in the rest of the world have fallen.

CEO Geoff Ross says this makes Moa the leading craft brewer in New Zealand. “Moa is the fastest growing of the four major Craft Beer brands in New Zealand, in a category that is growing at over 10% per year. Moa is the largest New Zealand owned beer brand.”

Moa now has resource consent to expand its Blenheim site, where it brews its Reserve beers. It will continue contract brewing its biggest sellers in Stoke, to meet the expected demand.

And if reading financials is your groove thing, here’s a link to Independent’s. This gives some evidence of the deals available to tied venues. Independent has provided interest-free loans worth more than $5.7 million to its customers “with varying maturities extending out to 8 years. The loans have various terms and conditions”.

Barley growers escape flood damage

Last month’s southern North Island floods caused extensive damage to many farms, but did not damage the next barley crop. 

The intense rainfall started on 19 June, and the final State of Emergency was lifted just today, nearly two weeks later. Slips and flooding damaged towns and country from southern Taranaki to Kapiti.

Malteurop’s managing director for Australia and New Zealand Trevor Perryman told BeertownNZ that little or no malting barley spring crop was planted in the effected districts. “Fortunately then the floods haven't affected things too much and if anything it probably helps as there won't be any shortage of moisture for planting in a couple of months I suspect.”

By BeertownNZ Fri, 03 Jul 2015 National