Marie Brizard Wine & Spirits: 2019 outlook
October 15 2019 - 2:30AM
Marie Brizard Wine & Spirits: 2019 outlook
Paris, 15 October 2019
2019 outlook
Marie Brizard Wine and Spirits (Euronext: MBWS)
today publishes an estimate of its 2019 annual EBITDA outlook.
Since the Group announced its strategic plan
last March, numerous structural decisions have been adopted to
provide the Group with a solid foundation that will help restore a
profitable growth by 2022. Distribution synergies with COFEPP
internationally have been implemented, Porto Pitters has been sold
and the sale of Sobieski Trade is in progress, a project to
redeploy its sales forces in France is underway and a strategic
partnership has been established for the distribution of the
Group's brands in the United States. All these decisions were made
on the basis of their ability to create value and allocate the
Group's financial resources to activities that generate the highest
levels of profitability.
In Poland, the vodka market remains extremely
competitive, negatively impacting the gross margin of the Group's
Polish subsidiary. In this context, Marie Brizard Wine &
Spirits is considering all necessary measures to ensure a
turnaround of its performance.
Marie Brizard Wine & Spirits estimates that its 2019
full-year EBITDA should be a loss in a range between -€20m and
-€25m.
Financial calendarMarie Brizard
Wine & Spirits will report its net sales for Q3 2019 on
7 November 2019.
Marie Brizard Wine & Spirits (MBWS) produces
and sells a range of wine and spirits across four geographies:
Western Europe, the Middle East and Africa; Central and Eastern
Europe; the Americas; and Asia Pacific. MBWS has distinguished
itself for its know-how, the range of its brands, all with
long-standing traditions, and its history of innovation. From the
establishment of Maison Marie Brizard in the French city of
Bordeaux in 1755 to the launch of Fruits and Wine in 2010, MBWS has
successfully developed and adapted its brands to make them
contemporary while respecting their origins. MBWS is committed to
providing value by offering its customers bold, trustworthy,
flavourful and experiential brands. The company has a broad
portfolio of leading brands in their respective market segments,
most notably William Peel blended Scotch whisky, Sobieski vodka,
Krupnik vodka, Fruits and Wine flavoured wine, Marie Brizard
liqueurs and Gautier cognac. MBWS is listed on the regulated market
of Euronext Paris, Compartment B (ISIN code FR0000060873, ticker
MBWS) and is included in the EnterNext® PEA-PME 150 index, among
others.
ContactImage SeptSimon Zaks -
Claire Doligez szaks@image7.fr ,cdoligez@image7.frPhone: +33 (0)1
53 70 74 70 |
- MBWS_CP_october2019_FV_ENG
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