Marie Brizard Wine & Spirits : Sales fall steeply in Q4, penalised by the sale of Sobieski Trade. Full-year EBITDA guidance reiterated
>Organic growth picked up to +1.9% thanks to a windfall effect in Poland ahead of an increase in excise duties at the start of 2020 - Marie Brizard released its Q4 2019 sales figures yesterday evening; they fell by a steep 19.2% to € 80.3m, missing our forecast (€ 381.5m est.) due to the deconsolidation of Sobieski Trade (accounting for -22%). Organic growth, on the other hand, beat our forecast at +1.9% (-3.2%e) thanks to Poland. Business in Poland was boosted by adv...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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