Sanur, Bali – August 22, 2024: Hatten Wines, Bali’s first and oldest winery, proudly celebrates its 30th anniversary. Since 1994, Hatten Wines has been dedicated to quality and innovation, cultivating unique winemaking traditions in Bali’s distinct vineyards.
A Legacy of Quality and Innovation
Founded in 1994, Hatten Wines started with a single rosé made from the Alphonse Lavallée grape. Now managing around 60 hectares of vineyards in Singaraja, Bali, the winery has expanded to offer three brands: Hatten Wines, TWO Islands, TWO Islands Reserve, and Dragonfly Wines, totalling 30 wine variants. A new TWO Islands Prosecco is set to launch in October 2024.
A Milestone Achievement: IPO and Financial Growth
On January 10, 2023, Hatten Wines marked a major milestone by going public on the Indonesian Stock Exchange under the symbol ‘WINE.’ This move highlights the company’s growth and ambition in the wine industry. Trading with a P/E ratio of 19.03x and a P/B value of 2.90x, Hatten Wines reported a net profit of IDR 27 billion for the first half of 2024, a 19.5% increase from 2023. The company’s financial growth is bolstered by strategic market positioning and Bali’s tourism recovery.
Hatten Wines is also recognized as a Cobranding Partner of Indonesia’s Ministry of Tourism and Creative Economy, promoting local brands on the international stage.
Global Recognition for Excellence
Hatten Wines has earned numerous international awards over the past three decades, including being named Winery of the Year by the Asian Wine Review in 2017, surpassing over 100 wineries in nine Asian countries. It was also recognized as the Best Trophy Winner by the same review, solidifying its reputation as a leading wine producer in Asia.
“Our vineyards on Bali’s northern coast are central to our viticulture research and development,” said Ida Bagus Rai Budarsa, Founder & CEO. Budarsa, named Southeast Asia Wine Pioneer in 2011 and Bali Top Hospitality Leader in 2024, emphasized the winery’s dedication to cultivating diverse grape varieties and collaborating with local farmers.
Educating the Next Generation of Wine Enthusiasts
In addition to its winemaking endeavors, Hatten Wines is committed to education through the Hatten Education Center. Established in 2016 within The Cellardoor in Sanur, Bali, the center is Indonesia’s first institution to be appointed as an Approved Programs Provider by the Wine & Spirit Education Trust (WSET). This prestigious designation allows Hatten Wines to offer internationally recognized wine and spirit education programs, enhancing the knowledge and expertise of wine enthusiasts and professionals alike.
Looking Ahead: Innovation and Expansion
As Hatten Wines celebrates its 30th anniversary, the company remains focused on innovation and expansion. With plans to introduce new grape varieties and planting methods in its vineyards, Hatten Wines is poised to continue its pioneering role in Indonesian winemaking. The upcoming launch of TWO Islands Prosecco is just one example of the exciting developments on the horizon.
For further information, please visit https://www.hattenwines.com/
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