Brief: Marie Brizard Wine & Spirits Suspends Guidance Due To COVID-19

Marie Brizard Wine and Spirits SA

27/05/2020 18:38

May 27 (Reuters) - Marie Brizard Wine and Spirits SA
 MBWS.PA :
    * SUSPENSION OF GUIDANCE DUE TO UNCERTAIN MACRO ENVIRONMENT
    * FY NET INCOME, GROUP SHARE 2019: € -65,9M
    * 2019 EBITDA IMPROVED BY EUR 15.1 MILLION COMPARED TO 2018
RESTATED TO EUR -12.1 MILLION
    * STRICT MEASURES TO CONTROL COST IN FACE OF COVID-19 CRISIS
    * GROUP CANNOT CONFIRM AT THIS STAGE ITS PREVIOUSLY
ANNOUNCED
EBITDA OBJECTIVE FOR 2022
    * NET FINANCIAL DEBT AT EUR 46.7 MILLION AT END-DEC 2019,
DECREASE
OF EUR 22.3 MILLION COMPARED TO 2018
    * AT DEC 31, 2019, TAKING INTO ACCOUNT RESULTS OF PERIOD,
GROUP'S
SHAREHOLDERS' EQUITY AT EUR 93.7 MILLION VERSUS EUR 103.3
MILLION END-2018
    * FY NET SALES EUR 365.0 MLN VS 388.9 MLN YR AGO
    * END-DEC CASH AND CASH EQUIVALENTS EUR 26.2 MLN VS EUR 21.8
MLN
YEAR AGO
    * ON COVID-19: SIGNIFICANT EFFECTS ON SOME OF OUR MARKETS
DUE TO
RESTRICTIONS ARE EXPECTED TO LAST AT LEAST THROUGH Q2 OF 2020

Source text for Eikon:  ID:nGNE1fZMHS 
Further company coverage:  MBWS.PA 

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