Marie Brizard Wine & Spirits SA Reports Sales Results for the Second Quarter and First Half of 2018; Provides Earnings Guidance for the Second Half and Fiscal Year 2018
For the six months of 2018, the company reported total sales of EUR 190.0 million against EUR 205.6 million a year ago.
Starting in second half of 2018, the company confirms its expectation of a gradual return to growth across all clusters, but this is not expected to offset the top-line decrease in first half of 2018. Consequently, the Group expects that fiscal year 2018 EBITDA will be negative, although it should mark an improvement over anticipated fiscal year 2017 EBITDA.