(CercleFinance.com) – The Marie Brizard Wine & Spirits share fell on the stock market on Friday the day after the publication of a falling 3rd quarter turnover, which was accompanied by a cautious message concerning the current pace of consumption.
The wine and spirits group announced yesterday evening that it had recorded 3rd quarter turnover down 6.1% to 45.4 million euros in a competitive context considered ‘tense’, particularly internationally.
He underlines that the revaluation of prices, carried out on almost all of its markets in order to partly compensate for the very significant increases in production costs, is starting to impact consumer demand.
In this context, the owner of William Peel whiskey, Sobieski vodka and San José tequila says he is adopting ‘certain caution’ regarding his short and medium-term commercial prospects for the business.
Following these comments, the stock fell by more than 5% on Friday on the Paris Stock Exchange, which did not prevent it from still posting a gain of almost 6% since the start of the year.