Moa Brewing Co. has released interim results to the NZX, giving a market update and indicative result for the half year to 30 September 2015. The company has continued to post sales growth rates that are significantly higher than the Craft Beer market growth rate.
Growth in the Craft Beer category in New Zealand overall is accelerating, growing at 15 per cent by volume over the last year. Moa grew over four times this, at 61 per cent, to maintain over 10 per cent of all Craft Beer supermarket sales in New Zealand.“The company’s strategy has been to maintain or lower cost of goods, increase margin and increase sales and we have been effective in all of these strategies,” Ross said “And we expect to continue to see improvements across all three”.
Moa now has the number 1 and 2 selling Craft Beers in New Zealand with its Moa Original Lager 12 pack and Moa Session Pale Ale 12 pack.