Asian growth fuels Treasury outlook
Treasury Wines (TWE) +2.17%: Result more or less in line with market expectations for FY19 with top line slightly off v consensus which flows through to a slight miss at the EPS level – although not significant. As is often the case with TWE, they talk a big game on the conference call and this time was no different – the company reiterated their expectation for EBITS growth of 15-20% in FY20.
Treasury Wines (TWE) Chart