Treasury Wine: Result 2012

A strong Australian dollar is partly disguising the substantial turnaround occurring at Treasury Wine Estates.

Treasury Wine Estates continues to blossom after splitting from Foster’s Group last year, though you wouldn’t know it from the top line result. For the year ended 30 June 2012, volume fell 4.4% to 32m 9-litre cases. All of this fall was from the UK and Ireland operations, where the company has been deliberately exiting unprofitable lines. Volume there fell 31%, while sales elsewhere in the world actually rose very slightly.

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