TWE treasury wine estates limited
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News: TWE Treasury Wine Estates Says It Will Not Provide Earnings Guidance For FY21

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    13/08/20
    09:50
    Post #: 46502330

    Aug 13 (Reuters) - Treasury Wine Estates Ltd (TWE) :

    • WILL NOT PROVIDE EARNINGS GUIDANCE FOR F21 AT THIS POINT IN TIME
    • COMMENCED A RESTRUCTURE OF ITS GLOBAL SUPPLY CHAIN
    • IN F21, CAPEX IS EXPECTED TO BE UP TO $200.0M
    • IN F21, HIGHER AUSTRALIAN PRODUCTION AND SOURCING COSTS FROM THIS VINTAGE ARE EXPECTED TO INCREASE GLOBAL COGS/CASE BY ABOUT 3%
    • SEES ANNUALISED COST SAVINGS OF AT LEAST $35M DELIVERED IN F21 AND BEYOND
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