FRANCE: Champagne Nicolas Feuillatte posts record FY profits

By | 20 May 2013

  • FY operating profits up 7.8% to to EUR15.6m
  • Sales slip 7% to EUR192.8m
  • Nicolas Feuillatte volumes down to 9.1m bottles

 

Champagne Nicolas Feuillatte posted strong volumes for its namesake brand

Champagne Nicolas Feuillatte posted strong volumes for its namesake brand

Champagne Nicolas Feuillatte has posted record full-year results after its namesake brand remained “buoyant” in 2012. 

Operating profit rose by 7.8% to EUR15.6m, despite a 7% slip in sales to EUR192.8m, the Champagne house said. 

Figures published in January put volumes at 9.5m, down 1% from 2011. Some 58% of the bottles were sold in France, the company said.

Managing director Dominique Pierre said at Nicolas Feuillatte's AGM on Friday (17 May): “(The company's) achievements, in terms of both events and Champagne sales, have reaped significant results, thus strengthening the structure and reputation of our union created 40 years ago.” 

Looking ahead, the house said it must must “consolidate its positions” in France, the UK and US, while looking to other international markets to ensure future expansion.

Global Champagne sales in value terms held steady last year, despite a fall in volumes, according to study in February.

Expert analysis

Global market review of Champagne – forecasts to 2016

Some of the issues and challenges addressed in the previous edition of just-drinks' Champagne report continue to influence a category struggling to grow. Recovery from economic downturn and tumbling sales was evidenced in 2010 and part way through 2011, only to be replaced with a further slow down at the end of that year and continuing into 2012. This has been more prevalent in the western European countries. Elsewhere there has been better sales performance, noteably in the US and Japan, significantly in Australia and not forgetting the burgeoning economies of Asia and Greater China. However, even these new markets can only go part way to offset the situation in the more mature markets, to such an extent that total Champagne shipments are expected to rise only slightly during 2012. According to the report, pronounced growth is unlikely until 2015.|

Sectors: Company results, Wine

There are currently no comments on this article

Be the first to comment on this article

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