Brief: Marie Brizard Wine & Spirits H1 Attributable Net Result Turns To Loss Of 35.6 Million Euros

Marie Brizard Wine and Spirits SA

24/12/2018 06:59

Dec 24 (Reuters) - MARIE BRIZARD WINE AND SPIRITS SA
 MBWS.PA :
    * REG-MARIE BRIZARD WINE & SPIRITS : FY 2017 AND H1 2018
RESULTS
    * NET SALES FOR FY 2017 TOTALED €423.3M, A -1.8% DECREASE
COMPARED
TO FY 2016
    * AT YEAR-END, THE GROUP'S GROSS FINANCIAL DEBT WAS €63.3M,
AN
INCREASE OF €11.2M COMPARED TO YEAR-END 2016, AFFECTED BY THE
GROUP'S INVESTMENT PLAN
    * FY 2017 ATTRIBUTABLE NET LOSS EUR 67.3 MILLION VERSUS
PROFIT 6.8
MILLION YEAR AGO
    * GROSS PROFIT IN H1 2018 WAS €48.6M, A -25.9% DECREASE
COMPARED
TO THE FIRST HALF OF THE PREVIOUS YEAR.
    * H1 2018 EBITDA WAS -€21.1M, A SIGNIFICANT DECREASE
COMPARED TO
H1 2017.
    * H1 2018 ATTRIBUTABLE NET LOSS EUR 35.6 MILLION VERSUS
PROFIT EUR
2.2 MILLION YEAR AGO
    * GROUP NOW EXPECTS FY 2018 EBITDA TO BE IN A RANGE BETWEEN 
-€25M
AND -€28M
    * H1 2018 NET SALES EUR 190.0 MILLION VERSUS EUR 205.6
MILLION
YEAR AGO
    * GROUP HAS DECIDED TO BROADEN SCOPE OF ITS ASSET DISPOSAL
PROJECT

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

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