Marie Brizard Wine & Spirits: Q4 2025 and full-year 2025 revenues

Core Insights - The company reported a decline in revenues for FY 2025, totaling €172.0 million, which represents an 8.6% decrease compared to 2024 [1] - Q4 2025 revenues were €44.6 million, down 6.9% year-over-year [1] Financial Performance - France's revenues fell by 12.9% to €19.2 million in Q4 2025, primarily due to complex trade negotiations with Off-Trade customers [2] - The overall revenue for the France Cluster in 2025 was €69.1 million, down 17.6% from 2024 [11] - The International Cluster recorded revenues of €102.9 million in 2025, a decline of 1.4% compared to the previous year [15] Market Dynamics - The global spirits market experienced a significant slowdown, impacting the company's performance [1] - The William Peel brand faced delisting by certain distributors, leading to a loss of market share [9][12] - The On-Trade market showed strong performance with a growth of 35.2% throughout 2025 [9] Regional Insights - In the United States, Q4 2025 revenues increased by 32.9%, driven by the Marie Brizard brand, although the annual performance showed a decline of 19.4% [21] - Spain's sales in Q4 2025 rose by 42.5%, largely due to a significant increase in Industrial Services activity [17] - Sales in Denmark fell by 25.7% in Q4 2025, contributing to an overall negative performance of -21.8% for the year [18] Strategic Initiatives - The company aims to focus on balanced commercial conditions with stakeholders and leverage its strategic assets for profitable growth [26][27] - An acquisition of a distribution company in Denmark at the end of 2025 is expected to enhance the company's brand portfolio and distribution capacity [28]