Today, Treasury Wine Estates posted a return to profit in its fiscal-2015 on an 8.4% rise in sales. Here, just-drinks takes a closer look at the Australian-headquartered company's performance by region:

  • Australia and New Zealand – Operating profits (EBITS) +15% to AUD84.4m

Treasury credited its ANZ performance to "portfolio premiumisation, focused investment on priority brands, improved customer partnerships and lower overheads". That said, an increase in consumer marketing and "continued heightened levels of competition in the concentrated, retail landscape" were also part of the scenery.

The group's volumes in the region rose by 1.6%.

  • Europe, Middle East & Africa (EMEA) – Operating profits (EBITS) down to AUD14.4m

In Europe, TWE battled an &quotincreasingly competitive retail landscape&quot in the UK, and selected to hold price in the Nordic markets despite tax increases. Due to the former, the company withdrew from &quotunsustainable volume&quot in selected retailers in the country, which pulled on volumes.

Treasury embarked on a &quotsubstantial uplift in consumer marketing&quot in the region, which was partially offset by lower overheads and favourable portfolio mix.

The bottom line was hit by an AUD6.1m hedge loss and an AUD12.5m adverse impact from depreciation of Euro and Swedish Krona relative to Sterling.

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Meanwhile, Western Europe, the Middle East & Africa and Global Travel Retail generated growth in the period.

  • Americas – Operating profits (EBITS) "in line with prior year" at AUD93.2m

Fiscal-2015 was spent targeting a strategy of portfolio premiumisation and lower overheads in the Americas. The company also dealt with the increased cost of competing in the commercial segment, higher COGS and increased marketing spend.

The region's profits were hit by an AUD3.5m hedge loss and an AUD10.6m impact from the depreciation of the Canadian Dollar relative to the US Dollar.

The group's volume growth in its 'luxury' (+16%) and 'masstige' (+20%) segments in the US highlighted the &quotsuccessful execution to premiumise and grow the priority brand portfolio&quot. Canada was credited with showing &quotpositive momentum&quot.

Treasury said that its US stock clear-out, which was announced in 2013, &quotis now complete&quot. As a result, shipments were lower and COGS were higher. In the current fiscal year, TWE said, price increases are expected to be introduced in the country.

  • Asia – Operating profits (EBITS) leap by 54.5% to AUD73.1m

?The Asia region was hailed for delivering &quotoutstanding growth&quot, driven by a premiumisation strategy and broader distribution. Greater China (volumes up by 36%) and South-East Asia (+13%) led the way.

&quotTWE continues to invest in consumer marketing and sales and marketing capability to support established and enhanced routes-to-market while ensuring depletions exceed shipments,&quot the company said.