Treasury Wine Estates (ASX:TWE) reaffirms FY25 EBITS guidance range of AUD 780-810Mn

Mon 16 Dec 24, 06:09 AM | Team Kalkine

Image source: Shutterstock

Highlights

In FY24, TWE’s revenue increased 12.9% YoY to AUD 2,808.3 million, with 12.8% YoY EBITS growth to AUD 658.1 million

Penfolds launched its first China-sourced luxury wine and a new Champagne Cuvée Brut in collaboration with Champagne Thienot

The company plans to acquire a 75% stake in Ningxia Stone & Moon Winery Co. Ltd for AUD 27.5 million

Treasury Wine Estates Limited (ASX:TWE) is engaged in grape growing and sourcing, wine production, and wine marketing, sales, and distribution. The company has three divisions - Treasury Premium Brands, Treasury Americas and Penfolds.

In the financial year 2024 (FY24), Penfolds achieved a significant milestone with the launch of its first China-sourced luxury wine and a new Champagne Cuvée Brut in collaboration with Champagne Thienot.

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