Marie Brizard Wine & Spirits: down after the annual update
(Boursier.com) — Marie Brizard Wine & Spirits loses 1.8% to 2.2 euros the day after the publication of 2022 turnover of 181.3 million euros, up +7.8 %. The context of very high inflation in the prices of raw materials and energy costs, which intensified in the second half of 2022, persists at the start of 2023, which makes it all the more imperative to implement implemented price increases for all of our customers. The potential repercussions on the level of sales and consumer trends encourage the Group to be cautious regarding commercial activity on the horizon of the 1st half of 2023, underlined the management by way of outlook.
Oddo BHF leaves its forecasts almost unchanged. The annual results will be published in mid-April, and we may know more about the group’s ability to pass price increases to offset cost inflation, particularly in France where trade negotiations seem more difficult this year. , explains the broker However, the positioning of the brands of MWBS in France (less high-end and at more competitive prices than some competitors) would be more in line with the needs of consumers in the current inflationary environment. The analyst believes that this could give MWBS better negotiating power, in addition to being forced to allocate certain brands depending on the volumes available. It remains ‘neutral’ on the title.