News: TWE Treasury Wine Estates Sees FY20 Reported EBITS Growth Of About 5% To 10%

Feb 12 (Reuters) - Treasury Wine Estates Ltd (TWE) :

• SHOULD THERE BE A SUSTAINED MATERIAL IMPACT ON CONSUMPTION DUE TO CORONAVIRUS, THIS WOULD IMPACT F20 EARNINGS
• EXPECTS F20 REPORTED EBITS GROWTH OF ABOUT 5% TO 10%
• CURRENT CHALLENGING CONDITIONS IN U.S. WINE MARKET EXPECTED TO PERSIST THROUGH REMAINDER OF YEAR
• AT THIS STAGE IT IS TOO EARLY TO ASSESS FINANCIAL IMPACTS OF RECENT CORONAVIRUS OUTBREAK
• EARLY ANNOUNCEMENT OF FIRST HALF RESULTS REFLECTS FACT THAT WE SLIGHTLY MISSED OUR 1H20 EBITS VS OUR OWN EXPECTATIONS
• CONFIDENT WE WILL RE-GAIN MOMENTUM UNDER NEW AMERICAS REGIONAL LEADERSHIP TEAM