Marie Brizard Wine & Spirits : Sharp improvement in 2019 EBITDA. Uncertainty on further improvements in operating profitability
>EBITDA above the guidance at -€ 12.1m (-€ 17.3m excluding IFRS 5 & 16) but the net result was penalised by financial restructuring costs - MBWS released its full-year 2019 results yesterday evening. On sales already reported of € 365m, EBITDA came to -€ 12.1m (-€ 17.3m excluding the impact of IFRS 5 and 16), i.e. well above our forecast of -€ 24m and the guidance (between -€ 20m and -€ 25m). This improvement in profitability relative to 2018 (-€ 28m) is due to: 1/ th...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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