Marie Brizard Wine & Spirits
2023 Q3 revenues
Charenton-le-Pont, 26th October 2023
Q3 2023 revenues
MBWS posts 3rd quarter decline (down 6.1% versus 2022) compared to last year’s strong performance in France and in the face of tough
competition,
particularly on the international markets
Nine-month 2023 revenues stands at €144.2m, up 6.9%1 versus 2022
-
France: third-quarter sales down 4.2% versus 2022 amid a confirmed decline in the spirits market and by unfavourable comparison with 2022 - Nine-month 2023 revenues up 2.0%
- In the off-trade, despite the price increases applied this year, sales of strategic brands declined. This came on the back of a high comparison base in 2022, during which the Group cut back on promotional expenditure and benefited from purchase gains among consumers, following numerous shortages of products in the same price positioning;
- The on-trade sector posted higher sales for the quarter, against a lower 2022 comparative base, as a result of stockpiling by distributors at the end of June 2022.
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International: slowdown in the quarter (down 7.6%) with widening regional disparities - Nine-month 2023 revenues up 10.9%
- Slower sales growth in Europe than in the first half of 2023, with continued significant growth in Lithuania and Bulgaria and their export zones, but a cyclical downturn in Spain and a moderate recovery in the UK market;
- Further sharp decline in the United States in a challenging market environment marked by falling depletions and inventory destocking by our importer;
- Persisting sluggish environment in Asia Pacific.
- Price increases applied in 2023 across almost all Group markets in an attempt to offset soaring input costs since 2022 are impacting consumer demand.
Lesen Sie auch
Marie Brizard Wine & Spirits (Euronext: MBWS) today announces its unaudited revenues for the period from 1 January to 30 September 2023.
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