TWE reaffirms earnings guidance

Premium wine group warns of challenging year ahead, volatile Australian dollar.

Treasury Wine Estates (TWE) has reaffirmed earnings guidance for fiscal 2014 but warned of a challenging year ahead and a volatile Australian dollar.

In a statement to the Australian Securities Exchange ahead of its annual general meeting, TWE said it remains committed to an EBITS range of between $230 million and $250 million for the full year.

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