MBWS: nine-month turnover driven by international – 10/28/2022 at 12:31

MBWS: nine-month turnover driven by international – 10/28/2022 at 12:31

(CercleFinance.com) – Marie Brizard Wine & Spirits reported last night a turnover of 135 million euros for the first nine months of the year, up 9.8% compared to 2021 .

The wine and spirits group notes that France (+6.3%) benefited from the good performance of the strategic brands in its portfolio, the stock-outs of certain competitors having notably benefited the sales of its William Peel whisky.

Activity in bars and restaurants (‘on-trade’) saw a strong improvement, with the 2022 season being the first season without constraints linked to the health context since 2019.

Internationally, sales increased by 12.8% compared to 2021, under the effect of growing activity in Great Britain and on the Bulgarian and Lithuanian markets, despite the Russian-Ukrainian conflict.

In its press release, MBWS specifies however that the context of very strong inflation on the prices of raw materials and energy costs, amplified in the second half, makes it necessary to continue price increases with customers.

The group stresses that this prospect encourages it to once again adopt a cautious position regarding its commercial activity for the coming months.

Listed on the Paris Stock Exchange, MBWS shares were unchanged on Friday at midday following this publication.

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