Treasury Wine (ASX: TWE) aims to achieve EBITS margin of over 25% in the long term.

Thu 04 Jan 24, 12:42 AM | Team Kalkine

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Highlights

Treasury Wine Estates Limited (ASX: TWE) is an ASX-listed company engaged in the production and sourcing of grapes and wine production, marketing and distribution. The segments of the company comprise Australia and New Zealand, America, Asia, Europe, Middle East, and Africa (EMEA).

In the financial year 2023, the company recorded a 3% YoY increase in gross profit to AUD 1,074.6 million and 16.6% YoY increase in NPAT to AUD 376.1 million. During the state period, EBITS increased by 11.4% YoY to AUD 583.5 million, however revenue decreased to AUD 2,488.3 million from AUD 2,531.8 million in FY22. The revenue for the period fell due to drop in Treasury America’s premium product line sales volume and decrease in Treasury premium brands’ commercial portfolio sales volume.

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