Marie Brizard: Q4 sales down 14%
(CercleFinance.com) - Marie Brizard Wine & Spirits (MBWS) has published annual revenues of 428.
9 million euros, including 104.9 million euros in Q4 2017, respectively down 0.4% and 14.1% like-for-like.
The group said that its Polish subsidiaries are facing big challenges. Some of these difficulties had been identified and gave rise to the implementation of action plans in the third quarter of 2017, CEO Jean-Noël Reynaud said.
These difficulties have led the wines and spirits group to expect 2017 EBITDA of -6.5 million euros. The targets set in the BIG strategic plan are being re-assessed in light of the situation in Poland.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
9 million euros, including 104.9 million euros in Q4 2017, respectively down 0.4% and 14.1% like-for-like.
The group said that its Polish subsidiaries are facing big challenges. Some of these difficulties had been identified and gave rise to the implementation of action plans in the third quarter of 2017, CEO Jean-Noël Reynaud said.
These difficulties have led the wines and spirits group to expect 2017 EBITDA of -6.5 million euros. The targets set in the BIG strategic plan are being re-assessed in light of the situation in Poland.
Copyright (c) 2018 CercleFinance.com. All rights reserved.