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.