FRANCE: Belvedere posts 2005 net loss on back of legal charges

By | 28 April 2006

French spirits group Belvedere saw legal and other charges turn a healthy profit into a loss in 2005.

Belvedere today (28 April) posted a loss of EUR1.2m (US$1.5m) despite seeing operating profit surge 33% to EUR12.5m, according to Reuters.

The company, which last week launched an offer to buy out the minority shareholders in Marie Brizard International after securing a majority stake, saw sales rise 13.1% last year to EUR502.3m. Sales in Poland accounted for almost three-quarters of revenues.

Belvedere officials could not be reached for comment as just-drinks went to press.

Earlier this week, Belvedere bought Château d'Esclans, a wine producer based between Le Muy and Callas in Provence

Sectors: Spirits

Companies: Marie Brizard

View next/previous articles

Currently reading -

FRANCE: Belvedere posts 2005 net loss on back of legal charges

Currently reading -

CHINA: Tsingtao Q1 figures head north

There are currently no comments on this article

Be the first to comment on this article

Related articles

FRANCE: CL Financial crosses Belvedere threshold

Caribbean conglomerate CL Financial is to make a takeover offer for the remaining shares in French drinks group Belvedere after crossing the threshold of owning a third of the company, according to French share watchdogs.

FRANCE: Belvédere moves into Provence wines

French spirits group Belvédere has bought Château d'Esclans, a wine producer based between Le Muy and Callas in Provence.

FRANCE: Belvedere bids to buy out Marie Brizard shareholders

French spirits group Belvedere has today (20 April) launched an offer to buy out the minority shareholders in Marie Brizard International.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page