Brief: Australian Vintage Sees FY24 Sales To Be In Range Of A$257 - 261 Mln

Australian Vintage

11/06/2024 02:46

June 11 (Reuters) - Australian Vintage Ltd  AVG.AX :
    * FY24 SALES IS EXPECTED TO BE IN RANGE OF A$257 - 261
MILLION
    * FY24 UNDERLYING EBITDAS IS EXPECTED TO BE IN RANGE OF A$29
MILLION - A$31 MILLION
    * A$38 MILLION IMPAIRMENT CHARGE IS EXPECTED TO BE RECORDED
AGAINST GOODWILL IN FY24
    * EXECUTING COMPREHENSIVE CAPITAL STRUCTURE RESET, INCLUDING
EQUITY RAISING AND DEBT FACILITY INCREASE AND EXTENSION
    * EQUITY RAISING OF UP TO A$19.9 MILLION
    * EQUITY RAISING AT A$0.20 PER NEW SHARE


Further company coverage:  AVG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))