Brief: MBWS FY EBITDA Loss Widens To 28 Million Euros

Marie Brizard Wine and Spirits SA

30/04/2019 17:43

April 30 (Reuters) - MARIE BRIZARD WINE AND SPIRITS SA
 MBWS.PA :
    * REG-MBWS: FY 2018 RESULTS AND Q1 2019 NET SALES
    * FULL-YEAR EBITDA -EUR 28.0M, AS PREVIOUSLY ANNOUNCED
    * 2018 NET LOSS OF -€61.9M
    * Q1 2019 NET SALES FLAT VERSUS YEAR-AGO
    * Q1 2019 CONSOLIDATED NET SALES REACHED EUR 81.6M, A SLIGHT
+0.2%
INCREASE VERSUS Q1 2018 ON AN ORGANIC BASIS
    * REITERATES THE OBJECTIVE PROVIDED IN ITS 2019-2022
STRATEGIC
PLAN
    * FY NET SALES IN POLAND, WHICH DECLINED -28.2% OVER THE
PERIOD TO
€29.0M
    * IN POLAND, Q1 NET SALES INCREASED +94.9% VERSUS YEAR-AGO
TO
€5.7M
    * HAS APPOINTED ROBERT COOPER AS THE NEW GENERAL MANAGER OF
ITS
POLISH SUBSIDIARY

Source text for Eikon:  ID:nGNE8MjWv5 
Further company coverage:  MBWS.PA 

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