FRANCE: Flat start to year at Vranken-Pommery

By | 26 April 2007

Vranken-Pommery Monopole has seen its sales in the first quarter steady after the holiday season.

The French Champagne house said yesterday (25 April) that revenue for the first three months of this year was up only slightly, at 2.6% on the corresponding quarter last year to EUR42.1m (US$57.2m). Champagne revenue, which represents 91% of this consolidated total, rose 2.7% during the quarter, led by a 4.5% improvement in the price mix, the company noted.

"We're satisfied with our first-quarter sales growth since this is traditionally a fairly calm period for the champagne business after the very busy year-end holiday season," said chairman and CEO Paul François Vranken.

The first quarter of the year historically accounts for only 15% of total annual revenue, the company noted.

Vranken-Pommery used the release of the figures to announce that it is taking over direct distribution of its Champagne in the US via its Vranken Pommery subsidiary during the later half of this year. The group said it is subsequently targeting a market share gain of between 8% and 10% in the region going forward.

Earlier this month, the company posted an 11% lift in full-year profits for 2006, with operating profit trumping 2005's EUR40.7m, hitting EUR45.3m.

Sectors: Wine

Companies: Vranken-Pommery Monopole

View next/previous articles

Currently reading -

FRANCE: Flat start to year at Vranken-Pommery

There are currently no comments on this article

Be the first to comment on this article

Related articles

FRANCE: Vranken-Pommery acquires Champagne vineyards

Vranken-Pommery Monopole has acquired three hectares of Champagne vineyards for EUR3m (US$4.16m).

FRANCE: Vranken-Pommery Monopole sets up Japanese subsidiary

FRANCE: Vranken-Pommery still in the red after flat H1

Vranken-Pommery Monopole has posted a rise in operating profit but a net loss for the first half of this year.

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