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Celebrating 30 Years Of Success As Bali's Wine Pioneer
Monday, 26 Aug 2024
Hatten Wines, the first and oldest winery in Bali, is excited to celebrate its 30th anniversary, marking three decades of commitment to quality and innovation in the wine industry. Since its founding in 1994, Hatten Wines has built a unique winemaking tradition, using international grape varieties and the island's distinctive heritage. Today, the winery stands as a leader in the local market and is a respected Indonesian wine brand in the global wine community.
Quality and Innovation as a Legacy
Hatten Wines kicked off its journey in 1994 under the subsidiary PT Arpan Bali Utama and officially began operations as PT Hatten Bali in 2000. Starting with a single rosé wine made from Bali's native grape variety, Alphonse Lavallée, the winery has seen tremendous growth. Now, Hatten Wines manages about 60 hectares of vineyards in Singaraja, Bali, producing a range of wines that reflect the island's unique terroir.
Over the years, the winery's product portfolio has expanded to include three distinct brands: Hatten Wines, TWO Islands, and TWO Islands Reserve, along with Dragonfly Wines. Together, these brands offer 30 different wine varieties (Hatten Wines has 13, TWO Islands has 11, TWO Islands Reserve has 4, and Dragonfly Wines has 2), with even more on the way, including the highly anticipated TWO Islands Prosecco set to launch in October 2024.
Historic Achievement: Official IPO and Business Sustainability
On January 10, 2023, Hatten Wines reached a significant milestone by completing its Initial Public Offering (IPO) on the Indonesia Stock Exchange, trading under the symbol 'WINE.' This achievement underscores the company's ongoing success and its ambition to broaden its reach and influence in the world of quality wine.
Hatten Wines, trading under the ticker 'WINE,' is showing some solid financial performance in the stock market. Right now, the company's shares are trading at a Price-to-Earnings (P/E) ratio of 19.03x and a Price-to-Book (P/B) ratio of 2.90x. They reported a net profit of IDR 27 billion for the first half of 2024, marking a significant 19.5% increase compared to the same period in 2023. Plus, their revenue surged in the first quarter of 2024, with a reported profit of IDR 14.8 billion, reflecting a 19.8% quarter-on-quarter growth. This financial growth is backed by the company's strategic position in the market and the recovery of Bali's tourism industry.
On top of that, Hatten Wines is proudly recognized as a Cobranding Partner of Indonesia's Ministry of Tourism and Creative Economy, highlighting its status as a homegrown brand that actively collaborates with the ministry to elevate Indonesian local brands on the international stage.
A Commitment to Globally Recognized Excellence
For the past three decades, Hatten Wines has bagged numerous international awards, including being named Winery of the Year by Asian Wine Review in 2017, beating out over 300 wine varieties from more than 100 wineries across nine Asian countries. The Winery of the Year award is given to wineries that consistently excel in winemaking processes and flavor profiles.
Additionally, Hatten Wines also clinched the Best Trophy Winner title from Asian Wine Review, reinforcing its position as a leading wine producer in Asia. Asian Wine Review, published by The Flying Winemaker in Hong Kong, conducts evaluations through "Blind Wine Tastings," ensuring fair assessments of the wines.
"Our vineyard, nestled between the villages of Seririt and Sanggalangit on Bali's stunning northern coast, is the heart of our extensive viticulture research and development," said Ida Bagus Rai.
