FRANCE: Centre Vinicole - Champagne Nicolas Feuillatte sees FY sales, profits boost
- FY operating profits rise 13.5% to EUR17.8m (US$24.3m)
- Net sales up 9% to EUR209.5m
- Nicolas Feuillatte volumes lift 9%
Champagne co-operative The Centre Vinicole - Champagne Nicolas Feuillatte (CV-CNF) has posted a rise in full-year operating profits and sales as its trademark brand bucked a global decline.
Operating profits rose by 13.5% to EUR17.8m (US$24.3m) in the 12 months to the end of December, the group said late last week. Net sales climbed 9% to EUR209.5m over the same period.
Nicolas Feuillatte boosted volumes by 9% to 9.9m bottles despite global volumes of Champagne falling by 1.3%.
The group said: “Despite a challenging economic climate in France and in international markets, the CV-CNF has achieved healthy results, and is well placed to look to the future with resolve and ambition."
It added that Nicolas Feuillatte performed “particularly well” in the UK and US, with “improved growth” in Northern Europe, Canada, Japan, Africa and Reunion Island.
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