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Treasury Wine Estates Provides Chairman and CEO Addresses to AGM with Q1 Trading Update

15 Oct 2021  |  08:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: TWE 2021 AGM Addresses and Q1 Trading Update

Treasury Wine Estates provided its Chairman's and CEO's addresses to the Company's AGM. Reported net sales revenue declined 3%, however, on an organic basis, which excludes the impact of currency and the US commercial brands divested in March 2021, revenue increased by over 4%. Top line growth was achieved in all regions outside of China, and was led by its $10-30 Premium portfolio, with performance delivered by a number of priority brands including 19 Crimes, Pepperjack, Squealing Pig, Beringer Brothers and Matua.

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