Marie Brizard Wine & Spirits : Improvement in profitability in H1 thanks to bulk sales and a reduction in external charges
>H1 EBITDA positive at € 7m vs -€ 7.4m in H1 2019 - Yesterday evening, MBWS published EBITDA of € 7m, up € 14.4m vs H1 2019 for sales already published at end-July of € 135.3m (-4.3% and +0.4% after the application of IFRS 5 linked to the divestment of Sobieski). This performance reflects: a 280bp improvement in the gross margin to 41.5% on a restated base and a reduction in external charges (marketing and general expenditure) of 23%. EBTDA in the WEMEA zone stoo...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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