In This Article:
Charenton-le-Pont, 24 October 2024
Q3 2024 revenues
Slight increase in the third quarter (up 1.3%1 versus 2023), driven by strong international sales.
MBWS posts nine-month 2024 revenues still down 2.2%1 at €140.8m
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France: limited 0.6% decline in Q3 sales versus 2023, amid confirmed slowdown in the spirits market, despite a fine performance from the On-Trade segment (up 29.6%).
Nine-month 2024 revenues edged up 0.6% at €61.9m.
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Sales of our International Strategic Brands are down in both On-Trade and Off-Trade channels, except for Marie Brizard, which is benefiting from new listings;
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The On-Trade sector recorded an increase in sales over the quarter driven by the arrival of new premium Agency Brands.
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International: moderate sales growth of 2.8% in Q3 2024, mainly driven by the Western Europe, Africa and Canada export markets.
Nine-month 2024 revenues were down 4.3% at €78.9m.
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Sales in Europe were relatively stable in the third quarter, as the strong performance from Industrial Services in Spain helped offset the decline of the International Strategic Brands business;
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In the United States, this quarter growth was heavily impacted by the decline in Sobieski sales, despite an increase in sales of Marie Brizard;
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Business picked up in Q3 2024 in the Asia Pacific region (South Korea, Japan and, to a lesser extent, Australia), mainly driven by the Marie Brizard and Gautier Strategic Brands, although the global environment remained sluggish.
Marie Brizard Wine & Spirits (the “Company”) (Euronext: MBWS) today announces its unaudited revenues for the period from 1 January to 30 September 2024.
Nine-month 2024 revenues
| €m | 9M | LFL change | Currency impact | 9M | LFL change | Reported growth (incl. currency impact) |
| France | 61.6 | +0.3 | - | 61.9 | +0.6% | +0.6% |
| International | 82.6 | -3.6 | -0.2 | 78.9 | -4.3% | -4.5% |
| TOTAL MBWS GROUP | 144.2 | -3.2 | -0.2 | 140.8 | -2.2% | -2.3% |
Q3 2024 revenues
| €m | Q3 | LFL change | Currency impact | Q3 | LFL change | Reported growth (incl. currency impact) |
| France | 19.5 | -0.1 | - | 19.3 | -0.6% | -0.6% |
| International | 25.9 | +0.7 | -0.2 | 26.5 | +2.8% | +2.2% |
| TOTAL MBWS GROUP | 45.4 | +0.6 | -0.2 | 45.9 | +1.3% | +1.0% |
France Cluster
Amid continuing slowdown in the spirits market, nine-month revenues for the France Cluster came to €61.9m, a slight 0.6% increase on the same period in 2023.
Q3 2024 sales dipped 0.6% to €19.3m.
In both distribution channels, all brands were down except for Marie Brizard, which was boosted by the listing of product innovations. In the On-Trade channel, premium Agency Brands are performing well, while the effects of changes in the Off-Trade store networks and their associated logistical impacts have led to successive stocking and rundown operations, affecting the timing of sales.