Brief: Marie Brizard Wine & Spirits FY Net Result Group Share Turns To Loss Of EUR 0.9 Mln

Marie Brizard Wine and Spirits SA

13/04/2023 17:26

April 13 (Reuters) - Marie Brizard Wine and Spirits SA
 MBWS.PA :
    * FY EBITDA OF €11.8M , DOWN 7.5% FROM €12.6M IN 2021
    * FY REVENUE EUR 181.4 MLN VS EUR 166.7 MLN YR AGO
    * FY NET LOSS, GROUP SHARE OF EUR (0.9)M IN 2022, COMPARED
TO NET
PROFIT, GROUP SHARE OF EUR 5.6M IN 2021, THAT WAS BOOSTED BY EUR
3.1M NON-RECURRING INCOME
    * NET CASH AMOUNTED TO €40.9M AT 31 DECEMBER 2022 COMPARED
TO
€48.2M THE PREVIOUS YEAR
    * OUTLOOK: VISIBILITY REMAINS LOW IN SOME COUNTRIES MORE
HEAVILY
EXPOSED TO CHANGING SCENARIO, SUCH AS CONCENTRATED AND
INCREASINGLY MATURE FRENCH MARKET WHERE VOLUMES ARE IN SHARP
DECLINE
    * GROUP IS, FOR NOW, REMAINING HIGHLY PRUDENT IN ITS SHORT
AND
MEDIUM-TERM OUTLOOK
    * OUTLOOK 2023: GROUP NOW PLANS TO ACCELERATE ROLL-OUT OF
ITS
GROWTH INITIATIVES AND PROJECTS IN ITS FRANCE AND INTERNATIONAL
CLUSTERS, BOTH ORGANICALLY AND THROUGH MERGERS AND ACQUISITIONS

Source text for Eikon:  ID:nGNE159cqX 
Further company coverage:  MBWS.PA 

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