FRANCE: Q4 boost fails to halt Marnier Lapostolle slide
French drinks group Marnier-Lapostolle has said that revenue dropped by 10% in 2008, but reported a rise in its fourth quarter.
Decline on the US market and unfavourable exhange rates are to blame for the fall, said the maker of Grand Marnier today (22 January). Total revenue for 2008 was EUR57.6m (US$74.8m), down from EUR64.4m in 2007.
Revenue rose by nearly 9% to EUR35.3m in the fourth quarter, the firm added, however.
Marnier-Lapostolle warned in October that full-year results were likely to miss its expectations.
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