BUZZ-Australia's Treasury Wines rises on higher quarterly net sales growth

Reuters
17 Oct 2024

** Shares of Treasury Wine Estates rise as much as 4.4% to A$12.2, set for their best day since Sept. 27 - if gains hold

** Wine maker says it has achieved double-digit organic net sales growth in Q1 versus pcp

** Says continues to expect low double-digit EBITS growth for Penfolds brand in F25

** Says continues to expect F25 EBITS in the range of A$780 mln ($519.79 mln) - A$810 mln, with top-line growth to be driven by continued strong momentum across TWE's Luxury brand portfolio

($1 = 1.5006 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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