Evans & Tate is targeting double digit revenue growth in its current fiscal year.

The Australian wine company, which has had a torrid 2005/06, is still finding trading tough, but hopes to broaden its export coverage to help increase growth going forward.

At Evans & Tate's annual general meeting today (27 November), managing director Martin Johnson said the company was aiming for double digit growth and EBIT break-even in the 2007 financial year. Looking to the long-term, Johnson is hoping E&T's case sales mix will shift from over 90% in Australia and the UK to less than 75%.

Earlier this year, E&T posted full-year net losses for the 12 months to 30 June of A$63.9m (US$47.6m). Prior to this announcement, the company sold off two wineries to help reduce debt.

In October, E&T's auditors, KPMG, said: "There is significant uncertainty whether the company and the consolidated entity will be able to continue as a going concern." The company has since changed auditors, appointing PKF.