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]

Core Points - The total number of shares comprising the share capital of Marie Brizard Wine & Spirits as of January 31, 2026, is 111,989,823 [1] - The total number of voting rights is reported as 194,037,531, with 193,903,039 being exercisable voting rights after the deduction of treasury shares [1][3] - The company's by-laws include a clause that requires disclosure of the crossing of any statutory thresholds in addition to those relating to legal thresholds [1]

Group 1 - Marie Brizard Wine & Spirits has a liquidity contract with Natixis Oddo BHF, which includes a review of the liquidity account as of 31 December 2025 [1] - The liquidity account held 95,751 shares and €39,097.19 in cash at the beginning of the review period, and 75,528 shares and €380,177.12 in cash at the end of the review period [5] - During the review period from 1 July 2025 to 31 December 2025, there were 427 purchase transactions and 329 sale transactions, resulting in a total of 78,335 shares and €228,687.75 for purchase transactions, and 75,050 shares and €221,350.93 for sale transactions [5] Group 2 - Marie Brizard Wine & Spirits is a group specializing in wines and spirits, with a strong presence in Europe and the United States, and has a history dating back to 1755 [2][3] - The company emphasizes a combination of traditional brands and innovative approaches, aiming to provide customers with reliable and flavorful brands [3] - Marie Brizard Wine & Spirits is listed on Compartment B of Euronext Paris and is part of the EnterNext PEA-PME 150 index [3]

Core Insights - Marie Brizard Wine & Spirits (MBWS) has acquired a controlling stake in Interbrands Denmark ApS, enhancing its market presence in Denmark's wine and spirits sector [1][2] - The partnership aims to leverage the strengths of both companies to create a dynamic distribution platform, improving brand visibility and customer service [2][3] Company Overview - MBWS is a wine and spirits group with a rich history dating back to 1755, known for its innovative approach while respecting brand origins [5] - The company operates in Europe and the United States, offering a diverse portfolio of leading brands such as William Peel, Sobieski, and Cognac Gautier [5][6] Strategic Goals - The acquisition is aligned with MBWS's strategy to accelerate external growth and expand its Agency Brands business [4] - The collaboration is expected to enhance operational efficiency and competitiveness in the challenging Danish market [3][4] Market Impact - The integration of both companies' distribution networks will strengthen coverage across various trade channels, including on-trade, off-trade, and border trade [3] - This partnership is anticipated to deepen relationships with brand owners and customers, reinforcing MBWS's position as a key partner in the Danish market [2][3]

Core Insights - The company reported a significant decline in revenues for Q3 2025, with total sales down 10.5% compared to Q3 2024, and a nine-month revenue decrease of 9.2% to €127.5 million [1][4][24] Revenue Breakdown - France cluster revenues for the first nine months of 2025 were €50.0 million, reflecting a 19.3% decline compared to 2024, with Q3 sales down 23.4% [9][10] - International cluster revenues decreased by 1.2% to €77.5 million for the nine-month period, with Q3 sales down 1.1% [11][12] Brand Performance - The William Peel brand faced challenges due to delisting from certain Off-Trade distributors, contributing to a 7.1% decline in consolidated revenue over nine months [9][10] - The Marie Brizard brand experienced sales growth driven by innovations launched in 2024, while Sobieski showed resilience in a competitive environment [7][10] - Spain reported a strong Q3 performance with a 6.0% sales increase, primarily due to Industrial Services [12] Market Conditions - The decline in sales was attributed to difficult annual commercial negotiations and a continuing downturn in the spirits market, particularly in France [7][17] - Export activity faced challenges despite growth in specific markets like Benelux and Poland, with overall export revenues down 18.8% in Q3 [3][11] Strategic Initiatives - The company is focusing on establishing conditions for sustainable development and strengthening its market presence through targeted initiatives and cost management [16][20] - Efforts are being made to mitigate the impact of trade tensions and inflation in cost prices, including price adjustments and expense reductions [18][19] Future Outlook - The company aims to identify profitable growth opportunities, both organic and external, amidst ongoing consolidation in the wine and spirits market [21][24]

Group 1 - The Board of Directors of Marie Brizard Wine & Spirits approved the financial statements for the first half of 2025 on 24 September 2025 [2] - The half-year financial report includes a half-year activity report, consolidated half-year financial statements, statutory auditors' report, and a statement by the responsible person [2] - The half-year financial report is accessible in the Investors / Regulatory Information / Half-year Financial Report section [3] Group 2 - Marie Brizard Wine & Spirits is a Group of wines and spirits based in Europe and the United States, known for its expertise and innovative spirit [5] - The Group has a rich portfolio of leading brands, including William Peel, Sobieski, Marie Brizard, Cognac Gautier, and San José [5] - Marie Brizard Wine & Spirits is listed on Compartment B of Euronext Paris and is part of the EnterNext PEA-PME 150 index [5]

Core Viewpoint - The company reported a significant decline in earnings for the first half of 2025, primarily due to challenging commercial negotiations in France and stock adjustments by distributors, despite some resilience in international markets [2][3][10]. Financial Performance - Net revenues for H1 2025 were €86.6 million, down 8.5% from €94.9 million in H1 2024 [6][10]. - The gross margin decreased to €33.7 million, a decline of €2.5 million compared to €36.2 million in H1 2024, although the gross margin ratio improved by 0.8 percentage points to 38.9% [6][9]. - EBITDA fell to €5.9 million, down €2.6 million from €8.5 million in H1 2024 [6][9]. - Net profit attributable to the Group was €2.6 million, a decrease of €3.9 million from €6.5 million in H1 2024 [6][20]. Market Dynamics - The France Cluster experienced a revenue drop of 17.4% to €35.1 million, with a more pronounced decline of 23.8% in Q2 2025 [11][12]. - The International Cluster's revenues were €51.4 million, down 1.3%, with Q2 sales declining 5.6% [13][19]. - The decline in sales was attributed to sluggish market conditions and the absence of price agreements for the William Peel Scotch brand in France [3][10]. Strategic Initiatives - The company is focusing on cost control measures and has initiated a cost reduction program to safeguard profitability [6][9][26]. - Investments in industrial capacities and IT projects continue, maintaining a comfortable net cash position of €43.8 million as of June 30, 2025 [21][24]. - The company is actively pursuing growth opportunities in its Industrial Services and Agency Brands segments, which are showing potential for real growth [28][29]. Outlook - The company anticipates 2025 to be a transitional year amid ongoing tensions in the global wine and spirits markets and plans to leverage its distribution networks and strategic segments for sustainable growth [25][24]. - Ongoing dialogue with major retailers in France aims to mitigate the impact of commercial tensions and achieve balanced agreements [27][28].

Group 1 - The total number of shares comprising the share capital of Marie Brizard Wine & Spirits as of July 31, 2025, is 111,989,823 [1] - The total number of voting rights is reported as 194,047,142, while the number of exercisable voting rights is 193,916,356 [1] - The company's by-laws include a clause that requires disclosure of crossing any statutory thresholds in addition to legal thresholds [1]

Core Insights - The company reported a significant decline in revenues for the first half of 2025, with total revenues of €86.6 million, down 8.5% compared to the same period in 2024 [1][5][6] - The decline was particularly pronounced in the French market, where revenues fell by 17.4%, while international revenues saw a more moderate decrease of 1.3% [6][11] Revenue Breakdown - In France, revenues for H1 2025 were €35.1 million, down from €42.5 million in H1 2024, reflecting a 17.4% decline [5][8] - International revenues totaled €51.4 million in H1 2025, down from €52.4 million in H1 2024, marking a 1.3% decrease [5][11] - Q2 2025 revenues were €44.4 million, down 13.7% from €51.6 million in Q2 2024 [1][7] Market Performance - The spirits market in France continues to decline, with Q2 2025 sales down 23.8% compared to Q2 2024, largely due to distribution losses for the William Peel brand [6][8] - The On-Trade sector showed positive growth, with sales up 12.6% in H1 2025, indicating a divergence in performance between On-Trade and Off-Trade channels [6][10] - Internationally, the United States experienced a sharp revenue decline of 57.5% in Q2 2025, primarily due to inventory reductions by the importer [19][20] Strategic Responses - The company is implementing price adjustments to counteract rising costs of matured spirits and is focusing on maintaining constructive dialogue with Off-Trade chains to recover market positions [23][24] - Efforts are being made to diversify offerings through the development of Industrial Services and Agency Brands, which are showing growth potential [25][26] Outlook - The company anticipates continued challenges in the international wine and spirits market, with uncertainties regarding trade negotiations and potential increases in customs duties impacting profitability [22][26]

Group 1 - Marie Brizard Wine & Spirits has a liquidity contract with Natixis Oddo BHF, with specific assets reported as of June 30, 2025 [1] - The liquidity account held 92,466 shares and €46,433.38 in cash at the beginning of the review period, and 75,528 shares and €380,177.12 in cash at the end [5] - A total of 721 purchase transactions and 405 sale transactions were executed during the review period, with 131,651 shares and €442,496.27 for purchases, and 99,724 shares and €326,695.10 for sales [5] Group 2 - Marie Brizard Wine & Spirits is a European and U.S.-based group specializing in wines and spirits, with a history dating back to 1755 [2][3] - The company emphasizes a blend of traditional brands and innovative approaches, aiming to provide customers with reliable and flavorful brands [3] - The company is listed on Compartment B of Euronext Paris and is part of the EnterNext PEA-PME 150 index [3]