Australian Vintage Ltd Unveils New Growth Strategy
Company Announcements

Australian Vintage Ltd Unveils New Growth Strategy

Australian Vintage Ltd (AU:AVG) has released an update.

Australian Vintage Ltd has announced a new strategy following a board renewal, aiming to enhance free cash flow and Return on Capital Employed (ROCE) over the next three years, with targets of +$20 million in annual free cash flow and +8% ROCE by FY27. The strategy involves investing in markets without discounting core brands, resulting in a non-cash inventory impairment of ~$36 million and other asset impairments, but it’s expected to strengthen market position despite current industry challenges. Additionally, the company has reported a 1% revenue growth to $261 million and significant increases in various financial metrics for FY24, setting a positive trajectory towards achieving its strategic goals.

For further insights into AU:AVG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskAustralian Vintage Sees Major Director Share Acquisition
TipRanks Australian Auto-Generated NewsdeskAustralian Vintage Ltd Sees Boost in Investor Confidence
TipRanks Australian Auto-Generated NewsdeskRegal Funds Management Changes Stake in Australian Vintage
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App