Operational update from Smokvica winery

In spring this year, Zhoda Investments strengthened its position on the Croatian wine market by making an add-on acquisition for premium white wine on the Dalmatian island of Korcula. The company has made significant progress in a short period of time and has started producing approximately 40,000 bottles of Posip wine from the 2018 harvest.

The company has recruited Dalmatia's leading and award-winning Posip winemaker Igor Radovanovic to manage the Smokvica Winery. In a short period of time, the company has successfully completed reconstruction of part of the winery, installed equipment and selected grapes from the local grape farmers. This has allowed for a production of 40,000 bottles that will be ready for the market already next year.

"I am very pleased with the development in Smokvica Winery. We have achieved great results in a short period of time. Igor, a native of Smokvica, is best of the best when it comes to Posip winemaking. The location of the winery in the village where the Posip grape was discovered 150 years ago is a fantastic story. It does not get more Posip than this", says Robert Karlsson, CEO of Zhoda Investments.

The Posip grape - a Dalmatian white wine favorite

The Posip grape is a genuine Dalmatian white wine favorite. Smokvica Winery is located in the home and heart of Posip, which gives it a marketing edge over other Posip wineries. The company is developing a branding strategy so that the wine story and visual identity will be ready for the 2019 season.

Smokvica Winery in the home of Posip

The Smokvica Winery has a unique position in Croatian wine history. It was previously a Yugoslav co- op where local grape farmers produced wine under a wide and unfocused portfolio of brands. Capacity at its peak amounted to 3 million bottles per year. Zhoda Investments acquired land, buildings and equipment at an auction earlier this year. Following the acquisition, Zhoda Investments has prepared one of the buildings for production by changing the roof, insulating the walls and repairing and installing equipment. The buildings cover 2,500 square meters. In addition to providing ample space for winemaking, the area is also suitable for additional revenue streams from tasting facilities and tourist activity.

Dalmatia's leading and award-winning winemakers

Zhoda Investments has recruited some of Dalmatia's finest new generation winemakers focusing on indigenous varieties, modern approach and precise wine styles. A Posip wine made by Igor Radovanovic was recently awarded a gold medal at the 2018 Decanter World Wine Awards, the world's largest and most influential wine competition. Nikola Mirosevic, working alongside Igor in Smokvica Winery, was recently announced by the Association of Dalmatian Winemakers, founded in 1907, as Young Winemaker of the Year for his work with indigenous varieties.

Zhoda Investments' two wineries are the foundation for reaching the vision of an annual production of 1 million bottles. Testament Winery's organic winery on the Dalmatian coast will primarily produce red wine from the Babic grape. Smokvica Winery on the Dalmatian island of Korcula will focus on white wine from the Posip grape. Not only do the two wineries make wine from Dalmatian grapes, but they are also both based in the very heart of their respective grape varieties.

Photos from Smokvica Winery

  1. Smokvica Winery main building
  2. 30,000 liters under fermentation
  3. Manually harvested Posip grapes
  4. Smokvica village

Stockholm, 24 October 2018

For more information, please contact:
Robert Karlsson, CEO Zhoda Investments AB
+46 709 565 141, robert.karlsson@zhodainvestments.com
www.zhodainvestments.com 

About Zhoda Investments
Zhoda Investments invests in selected unlisted European ventures and drives growth and profitability through active ownership and an entrepreneurial approach. Zhoda owns an organic winery in Dalmatia with a 47-hectare state of the art vineyard mainly producing red wine from the local Babic grape. Zhoda is also the owner of a winery on the Dalmatian island of Korcula that produces white premium wines from the indigenous Posip grape. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. For more information, visit www.zhodainvestments.com.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

Operativ och finansiell uppdatering från oljeverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ och finansiell uppdatering avseende oljeverksamheten i Poltava Ukraina. Under årets första tio månader har Zhodas 45 procentiga andel av fältets produktion uppgått till 81 000 fat olja. Denna olja har genom den nya säljkanalen sålts mot förskottsbetalning. Detta har möjliggjort för oljefältsoperatören att nå två prioriterade finansiella målsättningar för 2018, det vill säga att reglera historiska rörelseskulder och återuppta utbetalning av utdelningar till Zhoda.


Operational and financial update from the oil operations

Operational and financial update from the oil operations Zhoda Investments ("Zhoda") announces an operational and financial update on the oil operations near Poltava, Ukraine. During the first 10 months of the year, Zhoda's 45 per cent interest in the field production amounted to 81,000 barrels. This oil has been sold against prepayment through the newly established sales channel. This has enabled the oil field operator to reach two prioritized objectives for 2018, that is settlement of historical operational debt and resumed dividend payments to Zhoda.


Operativ uppdatering från Smokvica Winery

Tidigare i våras stärkte Zhoda Investments sin position på den kroatiska vinmarknaden genom ett kompletteringsförvärv för vita premiumviner på den dalmatinska ön Korcula. Bolaget har sedan dess tagit stora steg under en relativt kort tid och kan därför framställa cirka 40 000 flaskor av vin från druvan posip från årets skörd.


Operational update from Smokvica winery

In spring this year, Zhoda Investments strengthened its position on the Croatian wine market by making an add-on acquisition for premium white wine on the Dalmatian island of Korcula. The company has made significant progress in a short period of time and has started producing approximately 40,000 bottles of Posip wine from the 2018 harvest.


Rekordskörd av Testament Winerys vitvinsdruva posip

Zhoda Investments portföljbolag Testament Winery, en producent av ekologiska viner på Dalmatiens kust i Kroatien, har framgångsrikt slutfört en rekordskörd av vitvinsdruvan posip.


Record white wine Posip harvest for Testament Winery

Zhoda Investments' portfolio company Testament Winery, an organic wine producer located on the Dalmatian cost of Croatia, has successfully completed a record harvest of the Posip grape used to produce white wines.


Zhoda Investments B handlas på OTC-listan den 3 september 2018

BQ Broker startar handel i Zhoda Investments aktie B.


Zhoda Investments inleder handel på beQuoteds OTC-lista

Zhoda Investments har slutit avtal med beQuoted om handel i bolagets B-aktie på OTC-listan. Första dag för handel blir den 3 september 2018.


Zhoda Investments to commence trade on beQuoted's OTC list

Zhoda Investments has entered into an agreement with beQuoted regarding trade in the company's B share on the OTC list. First day of trade will be 3 September 2018.


Två guldmedaljer till Testaments vinmakare i världens största vintävling

Tio Kroatiska viner vann guldmedaljer i 2018 Decanter World Wine Awards, världens största och mest inflytelserika vintävling. Två av dessa viner är från Dalmatien, och Testaments två vinmakare Juraj Sladic och Igor Radovanovic är vinmakarna bakom dessa medaljvinnare. Det är ett mycket viktig erkännande av utvecklingen av Dalmatiens vinindustri som nu skapas av en ny generation vinmakare som fokuserar på lokala druvor, en modern framställning och utmärkande vinstilar.

Two gold medals to Testament's winemakers at the world's largest wine competition

In the 2018 Decanter World Wine Awards, the world's largest and most influential wine competition, ten Croatian wines received gold medals. Two of these wines are from Dalmatia and Testament's two winemakers, Juraj Sladic and Igor Radovanovic, are the winemakers behind these award-winning wines. It is an exceptionally important validation of the development of the Dalmatian wine industry set by the new winemaker generation, focused on indigenous varieties, modern approach and precise wine styles.

Zhoda Investments ekologiska viner från Dalmatien nu på Systembolaget

Vinerna Testament Babic och Testament Posip från Zhoda Investments vingård i Dalmatien finns nu tillgängliga för bolagets aktieägare och den svenska marknaden via Systembolagets beställningssortiment. Vinerna säljs i över 100 restauranger i Kroatien och nu kan även den svenska marknaden ta del av dessa ekologiska viner framställda av Dalmatiens ledande vinmakare.


Zhoda Investments' organic wine from Dalmatia is now available at Systembolaget

The Testament Babic and Testament Posip wines from Zhoda Investments' winery in Dalmatia are now available for the company's shareholders and the Swedish market through Systembolaget. Over 100 restaurants in Croatia sell these wines made by Dalmatia's leading winemakers and they have now been made available to the Swedish market.


Kommuniké från årsstämma i Zhoda Investments

Vid årsstämma i Zhoda Investments AB fattade aktieägarna i huvudsak följande beslut.


Communiqué from the Annual General Meeting in Zhoda Investments

The shareholders of Zhoda Investments AB passed the following main resolutions at the Annual General Meeting.


Zhoda Investments nyemission övertecknad

Zhoda Investments ("Zhoda") har framgångsrikt slutfört en nyemission med företrädesrätt för befintliga aktieägare. Nyemissionen som övertecknades med 18% tillför bolaget 20,9 miljoner kronor före emissionskostnader. Medlen ska främst användas för att utveckla Zhodas ekologiska vinverksamhet mot visionen att bli Dalmatiens ledande producent av kvalitetsviner med 1 miljon flaskor per år.


Zhoda Investments' rights issue oversubscribed

Zhoda Investments ("Zhoda") has successfully completed an issue of shares with preferential rights for shareholders. The issue was oversubscribed by 18 per cent and raised SEK 20.9 million before issue costs. The funds will primarily be used to develop Zhoda's organic wine operations towards the vision of becoming Dalmatia's leading winery with 1 million bottles of premium wine per year.


Presentationer av vd Robert Karlsson i samband med den pågående nyemissionen

Zhoda Investments ("Zhoda") genomför en företrädesemission på 21 miljoner kronor. I samband med detta har vd Robert Karlsson genomfört presentationer av emissionen och bolagets investeringsplaner. Nedan finns videolänkar till ett urval av dessa presentationer. Teckningstiden löper ut fredag 1 juni.


Presentations by CEO Robert Karlsson on the current rights issue

Zhoda Investments ("Zhoda") is currently conducting a rights issue. In connection with this, CEO Robert Karlsson has made several presentations on the issue and company's investment plans. Links to a selection of these presentations are found below. The subscription period ends on Friday 1 June.


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