Marie Brizard Wine and Spirits Announces Unaudited Consolidated Sales Results for the Fourth Quarter and Full Year of 2017; Provides Earnings Guidance for the Full Year of Fiscal 2017
For the year-to-date, the company reported net sales of EUR 428.9 million, a 0.4% decrease compared to the previous year.
The company expects to report fiscal year 2017 EBITDA on the order of EUR 6.5 million, due primarily to the challenges faced by its businesses in Poland, including an escalating price war in the clear vodka market and a significant over-spend in trade support.