FRANCE: Vranken toasts fizz in Champagne sales
Champagne house Vranken-Pommery Monopole has posted an 11% jump in profits for 2006 thanks to growing sales.
Vranken, the world's number two Champagne house, saw operating profit reach EUR45.3m (US$60.5m) last year, up from EUR40.7m a year earlier.
Revenue rose 9.1% to EUR268.3m as Vranken saw its sales reach over 20m bottles, a rise of almost 7% on the year, as its business basked in the growing demand for Champagne in key markets like the UK.
"We achieved our sales volume objective one year ahead of schedule, while continuing to improve our margins," Chairman and CEO Paul-François Vranken said today (4 April).
"In the years ahead, we'll focus on improving the price mix, leveraging the key advantages provided by our innovative brand strategy, and on expanding in international markets, with the support of our recently expanded teams."
The company said that its more expensive lines had driven growth with Pommery and Heidsieck & Co. Monopole enjoying the strongest growth, in France and internationally.
Champagne accounts for some 92% of Vranken's sales but the company said sales of its Port brand, Rozès, also grew last year, topping 2m bottles.
The Port industry has managed to maintain volumes through a period of significant transition but growth remains hard to come by. Key to driving up sales, writes Chris Losh, will be establishing new co...
Vranken-Pommery Monopole has acquired three hectares of Champagne vineyards for EUR3m (US$4.16m)....
Beam Global Spirits & Wines has poached a director at Diageo to become its UK marketing director....
Vranken-Pommery Monopole has posted a rise in operating profit but a net loss for the first half of this year....
Australian fortified wine makers are to change the generic names of their products....
Moët Hennessy Louis Vuitton (LVMH) has unveiled a revamp of its Glenmorangie single malt Scotch whisky range....
US wine consumption rose 3.4% in 2006, continuing the sector's climb for the 13th consecutive year, according to research out this week....
- Why consumers don't care about vodka's provenance
- Pernod Ricard's FY Performance by Region, Brand
- Japan follows in Scotch whisky's footsteps
- Brown-Forman's Q1 Performance by Region, Brand
- Pernod Ricard's FY fiscal-2015 - Preview
- Diageo launches glass Bulleit & Cola bottles
- Pernod Ricard "in line" after full-year results
- Pernod Ricard releases social medial guide
- Bruno Mars rum rolls out across US
- Brown-Forman CEO unfazed by FX headwinds
- Global gin insights - market data, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research