MBWS: return to profit in 2023

(CercleFinance.com) - For 2023, Marie Brizard Wine & Spirits (MBWS) is forecasting net income, group share, of 8.
7 million euros, compared with a net loss of 0.9 million in 2022, and EBITDA up 12.8% to 13.3 million, with the full positive effect of past restructuring.

Despite the slowdown in the spirits market, particularly in France, the Group posted sales of ?194.2 million, up 7.2% excluding currency effects, with growth in both clusters, particularly the international cluster.

2024 will be a year of normalization, with a resumption of the decline in consumption volumes, combined with destocking operations by certain importing customers, and a context of downward pressure on prices", says MBWS.

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