Feb 17 (Reuters) - Treasury Wine Estates Ltd (TWE) :
- H1 NET PROFIT AFTER TAX A$ 120.9 MILLION
- FROM F22, TWE WILL OPERATE UNDER THREE NEW INTERNAL DIVISIONS BEING PENFOLDS, TREASURY PREMIUM BRANDS AND TREASURY AMERICAS
- WILL EXPLORE DIVESTMENT AND EXIT OF OTHER NON-PRIORITY BRANDS, OPERATING ASSETS AND LEASES
- ACTIVELY IMPLEMENTING ITS GLOBAL RESPONSE PLAN FOLLOWING ANNOUNCEMENT OF PROVISIONAL MEASURES BY MOFCOM
- PLANNING FOR CONTINUATION OF CONDITIONS CONSISTENT WITH RECENT TRADING IN AMERICAS, ANZ, EMEA & ASIAN MARKETS OUTSIDE OF CHINA
- TWE EXPECTS THAT 2H21 EBITS WILL BE BELOW THAT OF 1H21
- IN CHINA, TWE EXPECTS THAT DEMAND FOR ITS PORTFOLIO WILL REMAIN EXTREMELY LIMITED
- INCREASING CONFIDENCE IN REALLOCATION PLANS FROM MOFCOM PLAN OF PENFOLDS BINS AND ICON RANGE FROM CHINA TO OTHER MARKETS
- NET DEBT TO EBITDAS IS EXPECTED TO INCREASE MODESTLY IN 2H21
- EXPECTS TO RECOGNISE ABOUT $100M IN TOTAL ONE-OFF COSTS AS PART OF RESTRUCTURE OF AMERICAS DIVISION
- EXPECTS TO GENERATE NET CASH INFLOW OF AT LEAST $300M FROM DIVESTMENTS AND RESTRUCTURING STEPS
TWE)
(([email protected];))
News: TWE Treasury Wine Says Co To Operate Under Three New Internal Divisions From FY22
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Last
$8.03 |
Change
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Mkt cap ! $6.515B | |||
| Open | High | Low | Value | Volume |
| $8.07 | $8.09 | $7.97 | $23.82M | 2.971M |
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