Marie Brizard Wine & Spirits

Q4 and full-year 2023 revenues

                                        Charenton-le-Pont, 15th February 2024

Q4 and full-year 2023 revenues

MBWS posts full-year 2023 revenues of €194.2m, up 7.2%¹ versus 2022
Q4 revenues up 8.1% to €50.1m
Return to positive business momentum in Q4 following Q3 downturn

• In France, full-year 2023 revenues rose 2.5% versus 2022, mainly due to price increases designed to cover the rise in input costs. The revenues growth in Q4 represents a + 4.2% compared to 2022 thanks to an improvement in the off-trade business towards the end of the year amid a market slowdown in terms of both volumes and sales revenue:
  • higher off-trade sales in Q4, particularly for William Peel and San José, driven by the postponement of major promotional trade activities from H1 to Q4, a base effect compared with the weak performance in Q4 2022 when some product lines in the portfolio were out of stock, as well as price increases in H1 2023;
  • a slight fall in on-trade sales in Q4, marked by a decline in consumer demand.
• Full-year 2023 international revenues rose sharply (up 11.0% vs. 2022), with business showing strong resilience in Q4 (up 11.3% vs. Q4 2022) impacted by contrasting trends per region:
  • business growth in Europe, still driven by significant growth in Lithuanian and Bulgarian domestic and export markets, despite the Russian-Ukraine conflict, and by a marked improvement in sales in Spain, mainly in the industrial services segment;
  • a sharp decline in the United States, where the vodka market remains highly competitive and the cognac market is in steep decline, amid tight control of inventory levels by our importer;
  • Asia Pacific area down sharply.
    
    

Marie Brizard Wine & Spirits (Euronext: MBWS) today announces its unaudited revenues for the fourth quarter of 2023 (1 October to 31 December 2023) and for the full year 2023.

Full-year 2023 revenues

€m	FY 2022	LFL change	Currency impact	FY 2023	LFL change (excl. currency impact)	Reported growth (incl. currency impact)
France	81.3	+2.1	-	83.3	+2.5%	+2.5%
International	100.1	+11.0	-0.2	110.9	+11.0%	+10.8%
TOTAL MBWS GROUP	181.3	+13.1	-0.2	194.2	+7.2%	+7.1%

Q4 2023 revenues