Marie Brizard Wine & Spirits : Recovery in sales in Q3 thanks to international
>Organic growth of +2.7% vs +1%e and -5.8% in H1 - Yesterday evening MBWS reported sales of € 40.8m, up 2.5% with organic growth of 2.7%, beating our estimate of +1% and an improvement on H1 (-5.8%). The base effect (change of distributor in the US with a rebuilding of stocks and bulk sales intended for hydroalcoholic gel in Lithuania) that undermined H1 was reduced in Q3 while broadly speaking international sales improved by more than expected. Sales in Franc...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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