Brief: Marie Brizard Q1 Revenues Up At EUR 46.5 Million

Marie Brizard Wine and Spirits SA

27/04/2023 18:11

April 27 (Reuters) - Marie Brizard Wine and Spirits SA
 MBWS.PA :
    * Q1 2023 REVENUES
    * Q1 2023 REVENUES OF EUR 46.5M, UP 14.2% VERSUS Q1 2022
    * BUSINESS STALLED IN FRANCE AT BEGINNING OF 2023 DUE TO
OVERALL
SLOWDOWN IN SPIRITS MARKET AND RELATIVE UNDERPERFORMANCE OF
GROUP BRANDS AMONG MAJOR RETAILERS
    * STRONG SALES GROWTH IN ON-TRADE SECTOR, UP 28% COMPARED TO
ALREADY STRONG PERFORMANCE IN Q1 2022
    * SUSTAINED PERFORMANCE IN INTERNATIONAL SALES (UP 30.3%
VERSUS Q1
2022)
    * PRICE INCREASES ARE INTENDED TO CUSHION SIGNIFICANT AND
PERSISTENT SURGES IN INPUT COSTS , WHICH HAVE FURTHER INCREASED
IN EARLY 2023

Source text for Eikon:  ID:nGNE3VlLs6 
Further company coverage:  MBWS.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com))