February 13, 2017 / 9:24 PM / 9 months ago

BRIEF-Treasury Wines Estate advises positive outlook

Feb 14 (Reuters) - Treasury Wine Estates Ltd:

* Outlook for TWE remains positive

* Absent significant fluctuations in foreign exchange rates, TWE expects 2H17 EBITS to be broadly in line with 1H17

* TWE is also on track to deliver a high-teens EBITS margin by F18 and at same time, deliver enhanced value to shareholders via improved return on capital employed

* Beyond F17, TWE is on track to deliver total, run-rate cash synergies recognised from acquisition of Diageo wine of US$35m by F20

* On track to deliver at least $100m of run-rate cogs savings by F20 Source text for Eikon: Further company coverage:

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