News

FRANCE: Vranken-Pommery Monopole revenue falls flat

Most popular

Pernod is back in Kentucky, but why did it leave?

Why brown spirits is behind low- & no-alc curve

Anheuser-Busch InBev Performance Trends 2014-2018

The opportunity for no-alcohol in the on-premise

Which drinks companies will be hit by cool weather

MORE

Champagne sales rose by 1% but group revenue remained flat for Vranken-Pommery Monopole in 2008, the French firm has announced.

Total revenue dipped by 0.3% to EUR286m (US$371M)  for the 12 months, despite Champagne sales outperforming the market with a 1% rise to EUR268m, Vranken-Pommery Monopole said today (22 January).

"Against a difficult environment in 2008, our group is pleased and proud to have achieved growth of around 1% in Champagne for the year," said president and director general Paul-Francois Vranken.

Champagne sector sales by volume fell by 6% for the first 11 months of November, with steeper declines in the fourth quarter, according to figures released this week by the region's trade body, CIVC.

Vranken, which takes 94% of its revenue from Champagne sales, said that a fall in the UK during 2008 was offset by growth in Belgium, Japan, the Netherlands and Switzerland. Champagne export revenue rose by 1.5%, compared to 2007.

Sales crept up by 0.7% at home in France.

Vranken labelled the US a "shrinking market" but said the creation of a direct subsidiary in the country, together with higher market positioning for its Pommery brand, was expected to improve sales in 2009. The group has also established direct distribution in Italy.


Sectors: Wine

Companies: Vranken-Pommery Monopole

Related Content

Can Q4 make up for Concha y Toro's flat sales in 2018? - results data

Can Q4 make up for Concha y Toro's flat sales in 2018? - results data...

Flat second half leans on H1 growth for Carlsberg in FY 2017 - results

Flat second half leans on H1 growth for Carlsberg in FY 2017 - results...

Flat Q1 for Remy Cointreau, but profit growth forecast for FY - results

Flat Q1 for Remy Cointreau, but profit growth forecast for FY - results...

AUS/NZ: Lion H1 sales flat as consumer confidence

AUS/NZ: Lion H1 sales flat as consumer confidence "subdued"...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?