Dec 17 (Reuters) - Treasury Wine Estates Ltd TWE.AX:
1H26 EBITS EXPECTED BETWEEN A$225M AND A$235M
LEVERAGE EXPECTED TO BE 2.5X AT 1H26
AMERICAS 1H26 EBITS EXPECTED TO BE ABOUT A$40M
PENFOLDS 1H26 EBITS IS EXPECTED TO BE A$200M
WILL TAKE ACTION TO REDUCE CHINA DISTRIBUTOR INVENTORY HOLDINGS BY 0.4M CASES OVER 2-YEAR PERIOD COMMENCING 2Q26 FOR PENFOLDS
TARGETING A$100M PER ANNUM IN COST IMPROVEMENT
ON-MARKET SHARE BUYBACK CANCELLED
Further company coverage: TWE.AX
((Reuters.Briefs@thomsonreuters.com;))