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BRIEF-Treasury Wine Estates Posts H1 NPAT Of $229.2 Mln

Published 28/01/2020, 07:32 pm
© Reuters.  BRIEF-Treasury Wine Estates Posts H1 NPAT Of $229.2 Mln
TWE
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Jan 28 (Reuters) - Treasury Wine Estates Ltd TWE.AX :

* DETERMINED TO PAY AN INTERIM DIVIDEND OF 20 CENTS PER SHARE

* FULL YEAR FORECAST OUR GROWTH RATE IN F20 WILL BE LOWER THAN PREVIOUSLY GUIDED

* GROWTH RATE IN F20 WILL BE LOWER THAN PREVIOUSLY GUIDED

* TREASURY WINE ESTATES LTD DECLARES INTERIM DIVIDEND OF 20 CENTS PER SHARE, FULLY FRANKED

* TWE EXPECTS F21 REPORTED EBITS GROWTH OF ABOUT 10% TO 15%

* LOWER GROWTH RATE IN F20 DRIVEN MAINLY BY UNDERPERFORMANCE IN OUR US RESULTS IN H1 & EXPECTED TO CONTINUE THROUGH H2

* H1 NPAT UP 5% TO $229.2M

* TWE EXPECTS REPORTED EBITS GROWTH OF ABOUT 5% TO 10% IN F20

* RECENT FIRES HAVE HAD NO DIRECT IMPACT ON CO, BUT IMPACT FROM A POTENTIAL SMOKE TAINT PERSPECTIVE IS NOT YET KNOWN

* RECENT DROUGHT, HEAT & FIRES IN AUSTRALIA HAVE CREATED SOME LIKELY CHALLENGES WITH RESPECT TO COST OF 2020 AUSTRALIAN VINTAGE

* HY TOTAL SALES REVENUE $1,536.1 MILLION VERSUS $1,507.7 MILLION

* H1 VOLUME DECLINED 5.6%

* IN FY20, MAINTENANCE & REPLACEMENT CAPEX EXPECTED TO BE IN LINE WITH GUIDANCE, IN THE RANGE OF $100M TO $110M

* STRATEGIC REVIEW OF CO'S INTERNAL OPERATING MODEL IS UNDERWAY, EXPECTED TO BE COMPLETED IN 2H20

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