At an investor day, CEO Aaron Erter trumpeted a new “financial growth algorithm”, as the company grappled with weaker housing markets in the US and Australia.
The country’s largest listed winemaker does not expect a turnaround until 2028, with performance at its flagship brand offset by poor sales in North America.
Electric cars use far fewer components than petrol and diesel vehicles, putting long-term pressure on businesses such as Autobarn, Burson, Amotiv and ARB.
