NEWS
TRADING OF TWE SHARES HALTED AHEAD OF INVESTOR UPDATE
By Staff Reporter
15-12-2025
Source: Treasury Wine Estates
Australia’s Treasury Wine Estates (TWE), owner of the Penfolds brand, has temporarily paused trading on the ASX stock exchange until the completion of its investor and analyst conference call on Wednesday 17 December.
The trading halt request, which was submitted by Group Company Secretary Alexandra Lorenzi this morning, follows on from a challenging year for the leading Australian wine producer after its share price slipped more than 51 percent over the year to date.
It also follows two weeks behind the announcement of an expected AUD687.4 million (USD458m) write-off of its US business Treasury Americas in response to further moderation in the US wine category trends and reduced long-term earnings growth assumptions for the market.
Addressing shareholders on 1 December, a TWE spokesperson said: “While a number of TWE’s larger brands continue to grow ahead of market – including DAOU, Frank Family Vineyards and Matua – in response to further moderation in US wine category trends, TWE has applied more conservative long-term market growth assumptions, resulting in reduced long-term earnings growth rates, which will impact carrying values within the Treasury Americas and Treasury Collective - Americas cash generating units.”
TWE’s trading halt took effect today 15 December and will “remain in place until the earlier of the commencement of normal trading on Wednesday 17 December 2025, or the release of an announcement by the Company in relation to this,” as requested by Lorenzi.
TWE’s investor and analyst conference call is scheduled for 10am Wednesday and will include a progress update on performance in TWE’s key markets, including in China and the US, and Sam Fischer’s initial observations following his commencement as CEO.
In addition to the challenges in the US, the owner of Penfolds has also reported softness in China "as a result of evolving consumption dynamics within the alcohol sector, with large-scale banqueting occasions particularly impacted."
The company is expected to provide more detail on its future direction, including the it’s outlook and any changes to its business strategy in the conference call. Investors will be keenly watching for new information to assist with their investment decisions.
Shortly after this news was announced and prior to the potential US impairment being outlined, Chairman John Mullen told shareholders that TWE is “taking the appropriate actions" to mitigate the impacts of China's slowdown and US importer issues, adding that, “against a backdrop of difficult economic conditions in the wine industry, TWE’s long-term fundamentals remain strong.”
(the writer can be contacted at: info@thewinechronicle.com)
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