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Distillers & Wineries

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Vranken Pommery Monopole FY Revenue Down At 274.6 Million Euros

Tuesday, 21 Jan 2020

Jan 21 (Reuters) - Vranken Pommery Monopole SA ::2019 REVENUE: €274.6 MILLION.SHARP FALL IN CHAMPAGNE SALES RECORDED IN FRANCE IN 2019 IN LOW-PROFITABILITY OFF-TRADE SEGMENT WILL HAVE A MODERATE NEGATIVE IMPACT ON GROUP'S RESULTS, WHICH IT WILL PUBLISH ON 30 MARCH 2020.

Fevertree Drinks Warns On Revenue As UK Christmas Trading Disappoints

Monday, 20 Jan 2020

Jan 20 (Reuters) - Fevertree Drinks PLC ::YEAR END TRADING UPDATE.FY GROUP REVENUE IS EXPECTED TO BE £260.5 MILLION REPRESENTING GROWTH OF C.10%.IMPLEMENTING INITIATIVES IS EXPECTED TO RESULT IN A ONE-OFF IMPACT ON NET REVENUE GROWTH IN 2020.REVISING OUR GROWTH FORECASTS FOR US BUSINESS TO LOW DOUBLE DIGIT FOR YEAR AHEAD.WE WILL BE INVESTING FURTHER IN BRAND OVER COURSE OF 2020 IN U.S..END TO YEAR WAS SLIGHTLY BEHIND EXPECTATIONS.HAVE ENDED YEAR BEHIND OUR EXPECTATIONS AND WE EXPECT EARNINGS TO DECLINE BY C.5% WHEN COMPARED TO 2018.TO CONTINUE TO INVEST IN GROWTH REGIONS IN YEAR AHEAD, RESULTING IN GROSS, EBITDA MARGINS ADJUSTING TO C.49% AND C.28% FOR 2020 RESPECTIVELY.

Distil Sees FY Profit Out-Turn Ahead Of Last Year

Monday, 20 Jan 2020

Jan 20 (Reuters) - Distil PLC ::TRADING UPDATE.HIGHER LEVELS OF SALES DURING Q3 ENDING 31 DECEMBER 2019, INCLUDING IMPORTANT CHRISTMAS PERIOD.YEAR-ON-YEAR Q3 (OCTOBER TO DECEMBER) REVENUES INCREASED BY 7%.AS ANTICIPATED IN OUR INTERIM STATEMENT, YEAR TO DATE SALES FOR NINE-MONTH PERIOD APRIL TO DECEMBER DECREASED 13% IN REVENUE AND VOLUME.OUTLOOK FOR FINAL QUARTER TO 31 MARCH 2020 REMAINS POSITIVE WITH FULL YEAR PROFIT OUT-TURN EXPECTED TO BE AHEAD OF LAST YEAR.

Marie Brizard Wine & Spirits Announces Tripartite Agreement On Sale Of Bank Debt

Friday, 17 Jan 2020

Jan 17 (Reuters) - Marie Brizard Wine and Spirits SA ::MARIE BRIZARD WINE & SPIRITS: BANKS AGREEMENT.IMPLEMENTATION OF FIRST TRANCHE OF CURRENT ACCOUNT ADVANCE FROM COFEPP AMOUNTING TO EUR 7.6M.FINAL AGREEMENT BETWEEN COFEPP, MBWS AND ITS BANKS FOR SALE OF ALL OUTSTANDING BANK DEBT.ANNOUNCES EXECUTION TODAY OF A TRIPARTITE AGREEMENT REGARDING SALE, BY MBWS' BANK LENDERS, OF COMPANY'S BANK DEBT.COFEPP AND MBWS ALSO AGREED TO POSTPONE UNTIL 31 JAN. 2020 DEADLINE FOR LIFTING OF CONDITIONS PRECEDENT FOR TRANSFER OF SECOND TRANCHE OF ABOUT EUR 7.4 MILLION UNDER BRIDGE N°1.IN ADDITION, COFEPP HAS GRANTED MBWS MORATORIUM ON REPAYMENT OF THESE BANK DEBTS, WHICH ARE TO BE CAPITALIZED AS PART OF PROPOSED CAPITAL INCREASE.FURTHER DETAILS WILL BE PROVIDED AT LATER DATE ON EXACT TERMS OF CAPITAL INCREASE ACCORDING TO PROGRESS ON LIFTING OF CONDITIONS PRECEDENT.

C&C Group's CEO Stephen Glancey Informs Board That He Wishes To Retire

Thursday, 16 Jan 2020

Jan 16 (Reuters) - C&C Group PLC ::FOLLOWING DISCUSSION WITH BOARD, CHIEF EXECUTIVE OFFICER, STEPHEN GLANCEY, HAS INFORMED BOARD THAT HE WISHES TO RETIRE.GLANCEY WILL STEP DOWN AS CEO WITH IMMEDIATE EFFECT AND WILL BE LEAVING COMPANY AT END OF FEBRUARY.SEARCH FOR STEPHEN'S SUCCESSOR WILL COMMENCE SHORTLY.STEWART GILLILAND HAS BEEN APPOINTED INTERIM EXECUTIVE CHAIRMAN WITH IMMEDIATE EFFECT.TRADING ACROSS GROUP FOR FOUR MONTHS TO 31 DECEMBER 2019 HAS BEEN IN LINE WITH BOARD'S EXPECTATIONS.TRADING IN LINE THROUGH KEY CHRISTMAS TRADING PERIOD AND REMAINS ON TRACK TO DELIVER DOUBLE-DIGIT EPS GROWTH FOR FY2020.

Russia's Beluga Group Q4 Sales Up 15.3% Y/Y

Wednesday, 15 Jan 2020

Jan 15 (Reuters) - Beluga Group ::Q4 TOTAL SALES GREW BY 15.3% AND AMOUNTED TO 5,312 THOUSAND 9L CASES, TOTAL SALES FOR 2019 - 15,694 THOUSAND 9L CASES, UP 9.3% Y/Y.SALES OF IMPORTED BRANDS SHOWED GROWTH BY +31% REACHING 639 THOUSAND 9L CASES IN Q4 AND BY +26.2% IN 2019 AMOUNTING TO 1,680 THOUSAND 9L CASES Y/Y.SALES OF THE COMPANY'S OWN PRODUCTS INCREASED BY 7.6% TO 14, 014 THOUSAND 9L CASES IN 2019 AND BY 13.4% IN Q4 TO 4,673 THOUSAND 9L CASES Y/Y.

Constellation Brands Reports Third Quarter Fiscal 2020 Results

Wednesday, 8 Jan 2020

Jan 8 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS REPORTS THIRD QUARTER FISCAL 2020 RESULTS.QTRLY REPORTED EARNINGS PER SHARE $1.85.QTRLY COMPARABLE BASIS EPS OF $2.14, INCLUDING CANOPY GROWTH EQUITY LOSSES OF $0.25.EXCLUDING CANOPY GROWTH EQUITY LOSSES, ACHIEVED QTRLY COMPARABLE BASIS EPS OF $2.39.QTRLY REPORTED NET SALES $1,999 MILLION, UP 1%.SEES FY 2020 REPORTED BASIS EPS $0.95 - $1.05.INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.3 BILLION.SEES FY 2020 COMPARABLE BASIS EPS EXCLUDING. CANOPY $9.45 - $9.55.CONSTELLATION BRANDS - DUE TO GALLO DEALS, A STRANDED COST REDUCTION PLAN OF $130 MILLION IS EXPECTED TO BE REALIZED OVER FISCAL 2021 - 2022 TIMEFRAME.CONSTELLATION BRANDS - $534 MILLION DECREASE IN FAIR VALUE OF CANOPY INVESTMENTS WAS RECOGNIZED FOR Q3 FISCAL 2020.SEES FY 2020 FREE CASH FLOW BETWEEN $1.5 - $1.6 BILLION.CONSTELLATION BRANDS - SEES FY2020 BEER NET SALES GROWTH OF 7 - 8% & OPERATING. INCOME GROWTH OF 8 - 9%.SEES FY 2020 WINE AND SPIRITS NET SALES AND OPERATING INCOME DECLINE OF 8 - 10%.CONSTELLATION BRANDS SEES FY2020 CAPEX $700 MILLION - $800 MILLION.CONSTELLATION BRANDS - ON JAN 7, DECLARED QTRLY CASH DIVIDEND OF $0.75 PER SHARE OF CLASS A COMMON STOCK AND $0.68 PER SHARE OF CLASS B COMMON STOCK.CONSTELLATION BRANDS - REVISED WINE AND SPIRITS TRANSACTION WITH E. & J. GALLO WINERY NOW ASSUMED TO CLOSE AT FY2020 END.

Australian Vintage Says Charleston Vineyard Impacted By Adelaide Hills Fire

Wednesday, 8 Jan 2020

Jan 8 (Reuters) - Australian Vintage Ltd ::AUSTRALIAN VINTAGE - CHARLESTON VINEYARD IMPACTED BY ADELAIDE HILLS FIRE.AUSTRALIAN VINTAGE - THERE ARE SOME INFRASTRUCTURE DAMAGES TO CHARLESTON VINEYARD INCLUDING SOME TO THE VINES.AUSTRALIAN VINTAGE LTD - EXPECT THAT ABOUT HALF THE CROP FROM CHARLESTON VINEYARD HAS BEEN LOST WHICH EQUATES TO AROUND 200 TONNES.

G M Breweries Dec Quarter Revenue From Operations Falls to 4.29 Bln Rupees

Tuesday, 7 Jan 2020

Jan 7 (Reuters) - G M Breweries Ltd ::G M BREWERIES - DEC QUARTER NET PROFIT 139.8 MILLION RUPEES VERSUS PROFIT OF 167.1 MILLION RUPEES LAST YEAR(FIGURES ON STANDALONE BASIS, NOT CONSOLIDATED).DEC QUARTER REVENUE FROM OPERATIONS 4.29 BILLION RUPEES VERSUS 4.49 BILLION RUPEES.

Kweichow Moutai Sees 2019 Net Profit Up About 15% Y/Y

Thursday, 2 Jan 2020

Jan 2 (Reuters) - Kweichow Moutai Co Ltd <600519.SS>::SAYS IT SEES 2019 NET PROFIT AT ABOUT 40.5 BILLION YUAN ($5.81 billion), UP ABOUT 15% Y/Y.SAYS IT FORECASTS REVENUE TO INCREASE BY 10% Y/Y IN 2020.

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