Marie Brizard Wine & Spirits : H1 2024 results up thanks to strict cost controls. Continued improvement in profitability this year
>EBITDA of € 8.5m vs € 7.8m, up 5%. Improvement in attributable net profit from € 1.4m to € 6.5m - Based on interim sales of € 94.9m, down 3.9%, yesterday evening MBWS reported EBITDA of € 8.5m (+5%) beating our forecast (€ 7.8m), implying a stable margin at 8.2%. The gross margin improved by 150bp to 38.1% thanks to strict cost controls and commercial discipline. Contrary to our forecasts, the international cluster reported stable EBITDA of € 4.1m (vs € 3.7m), despit...Marie Brizard Wine & Spirits is a wine and spirit company which is engaged in the production and distribution of wines and spirits mainly in Europe and in the U.S.A. Co.'s products can be divided into three categories: Vodka and Spirits, Wines, and Other beverages. Co. develops a portfolio of spirit brand with in particular: Youri Dolgorouki; Sobieski; Marie Brizard; Old Lady's; Berger; “PL Polonaise”; Starogardzka; Balsam Pomorski; Krakowska; Zawisza. Co. operates geographically in Poland, Western Europe, Lithuania, Bulgaria, and Other countries.
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