TWE 0.33% $12.25 treasury wine estates limited

News: TWE Treasury Wine Estates Sees F24 Penfolds EBITS In Range Of A$418-421M

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    June 20 (Reuters) - Treasury Wine Estates (TWE) :

    • SEES F24 PENFOLDS EBITS DELIVERED IN RANGE OF A$418-421M
    • FOR FY25 PENFOLDS EXPECTS TO DELIVER LOW DOUBLE-DIGIT EBITS GROWTH
    • PENFOLDS EBITS MARGIN EXPECTED TO BE APPROXIMATELY 42% FOR FY24
    • SEES F25 PENFOLDS EBITS MARGIN TO IMPROVE TO WITHIN RANGE OF 43-45%
    • SEES F26/F27 PENFOLDS WILL TARGET EBITS MARGIN DELIVERY IN LINE WITH ITS LONG-TERM TARGET OF 45%
    • CO CONTINUES TO EXPECT MID-HIGH SINGLE DIGIT GROUP EBITS GROWTH IN FY24
    • SEES F26/F27 TARGET ANNUAL EBITS GROWTH OF APPROXIMATELY 15% ACROSS BOTH YEARS
    • INITIAL PORTFOLIO DEMAND IN CHINA HAS BEEN STRONG
    • COMMENCED EXECUTION OF PLANS TO RE -ESTABLISH OUR AUSTRALIAN PORTFOLIO IN CHINA
    • CHINA REMAINS ATTRACTIVE LUXURY WINE MARKET AND SIGNIFICANT LONG -TERM GROWTH OPPORTUNITY FOR PENFOLDS

    (([email protected];))

 
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