Brief: Marie Brizard Wine and Spirits Q1 Sales Up 2.5%

Marie Brizard Wine and Spirits SA

29/04/2020 17:56

April 29 (Reuters) - Marie Brizard Wine and Spirits SA  MBWS.PA :
    * QUARTERLY INFORMATION AT MARCH 31ST, 2020
    * 2020 Q1 SALES(1): 61.7 MEUR , + 2.5%
    * POSTPONEMENT OF GENERAL MEETING TO 31 JULY 2020
    * GROUP REMAINS FULLY COMMITTED TO ITS MEDIUM-TERM TRANSFORMATION PLAN TO
REDUCE
COSTS AND RETURN TO SUSTAINABLE PROFITABILITY
    * COVID-19: TO DATE, NONE OF THE GROUP'S MAJOR SITES IN FRANCE HAVE BEEN
AFFECTED
    * OVERALL, IMPACT OF PANDEMIC ON LEVEL OF SALES IN ALL WESTERN EUROPEAN
COUNTRIES
WAS FELT FAIRLY QUICKLY IN MARCH
    * REMAINS FULLY COMMITTED TO ITS MEDIUM-TERM TRANSFORMATION PLAN TO REDUCE
COSTS
AND RETURN TO SUSTAINABLE PROFITABILITY
    * SPREAD OF COVID-19 VIRUS HAVE HAD AN IMPACT ON GROUP'S BUSINESS SINCE
MID-MARCH,
AFFECTING SALES OF OUR BRANDED PRODUCTS
    * WITH EXTENSION OF CONTAINMENT MEASURES, THESE MARKED EFFECTS ARE EXPECTED
TO
CONTINUE AT LEAST IN Q2
    * GROUP REMAINS FULLY COMMITTED TO ITS MEDIUM-TERM TRANSFORMATION PLAN TO
REDUCE
COSTS AND RETURN TO SUSTAINABLE PROFITABILITY

Source text for Eikon:  ID:nGNE1h8qbZ 
Further company coverage:  MBWS.PA 

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