BRIEF-Treasury Wines Estate advises positive outlook
Feb 14 Treasury Wine Estates Ltd:
* Outlook for TWE remains positive
* Absent significant fluctuations in foreign exchange rates, TWE expects 2H17 EBITS to be broadly in line with 1H17
* TWE is also on track to deliver a high-teens EBITS margin by F18 and at same time, deliver enhanced value to shareholders via improved return on capital employed
* Beyond F17, TWE is on track to deliver total, run-rate cash synergies recognised from acquisition of Diageo wine of US$35m by F20
* On track to deliver at least $100m of run-rate cogs savings by F20 Source text for Eikon: Further company coverage: