Treasury Wine Estates Limited (AU:TWE) has released an update.
Treasury Wine Estates forecasts robust growth for Penfolds, with EBITS expected to range from $418-421m in F24, driven by strong sales and a targeted EBITS margin improvement to 43-45% in F25. The company anticipates continued momentum with a targeted annual EBITS growth of around 15% in F26/F27, emphasizing the importance of the Bin & Icon portfolio availability. However, the firm also cautions investors about potential risks, such as market volatility and external factors that could impact these projections.
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