Brief: Treasury Wine Estates Announces New Regional Operating Model

Treasury Wine Estates

22/04/2026 02:24

April 22 (Reuters) - Treasury Wine Estates Ltd TWE.AX:

TREASURY WINE ESTATES LTD-NEW REGIONAL OPERATING MODEL AND 3Q26 DEPLETIONS UPDATE

TRANSITION TO A NEW REGIONAL OPERATING MODEL

TO TRANSITION TO REGIONAL OPERATING MODEL EFFECTIVE 1 OCTOBER 2026

ESTABLISHES A$300M NEW DEBT COMMITMENTS, LIQUIDITY TO EXCEED A$1BN AT END F26

EXPECTS 2H26 EBITS TO BE HIGHER THAN 1H26

 TWE WILL OPERATE FOUR REGIONAL DIVISIONS

PENFOLDS DEPLETIONS UP 40% IN CHINA, US DEPLETIONS UP 9.1% IN 3Q26

WILL ALSO RETAIN SPECIALIST LUXURY SALES CAPABILITIES IN KEY MARKETS AND CHANNELS, OTHERS

IN RELATION TO MIDDLE EAST CONFLICT, TWE DOES NOT EXPECT INCREASED COSTS TO HAVE A MATERIAL IMPACT IN F26

REMAINS CONFIDENT IN ITS ABILITY TO RETURN LEVERAGE TO TARGET 1.5-2.0X RANGE

Source text: ID:nASX617NnQ

Further company coverage: TWE.AX

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