FRANCE: Exports boost Vranken-Pommery profits in 2005
Champagne producer Vranken Pommery Monopole has today (24 April) posted a surge in 2005 net profits thanks to increased sales overseas.
The company, which produces Champagne brands including Heidsieck Monopole and Cuvee Diamant, reported net profit of EUR14.8m (US$18.3m) on the back of a 10.1% rise in sales to EUR250.5m.
"Vranken-Pommery Monopole has consolidated its position as the number two player in Champagne," said managing director Paul-François Vranken. "The results in 2005 demonstrate our company's strong and dynamic marketing strategies."
Sales in France rose 6.1% while exports, which represent 45% of Vranken-Pommery's revenues, leapt 14.3% to EUR107.1m. "The US and Asia represent areas of great potential for the company thanks to an expected strong rise in Champagne consumption in those markets," the company added.
Vranken-Pommery sold 4.5m bottles of Champagne last year in its top three export markets, the UK, Germany and Belgium.
Thirty years after starting his Champagne business, an aggressive sales and acquisition strategy has made Paul-François Vranken one of the most powerful men in Champagne. Richard Woodard met him to di...
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part IV: Spirits
- Sustainability in Wine - Part I
- Comment - The Appeal and Perils of Craft
- Time is Right for Refresco Gerber Exit
- Belvédère to sell assets, streamline portfolio
- Belvedere vodka tie-up over new James Bond film
- Diageo ups focus on China with Mortlach roll-out
- Diageo welcomes verdict on Crown Royal "confusion"
- Bacardi, Pernod Ricard welcome US-Cuba deal
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018
- just-drinks on-trend: Craft beer - fortunes and future