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FRANCE: Vranken-Pommery Monopole sees Q3 Champagne sales fizz

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Vranken-Pommery Monopole has said that it continues to see growing demand for Champagne around the world, after reporting a near-9% rise in sales for the third quarter of 2011.

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Vranken-Pommery Monopole saw net sales rise by 8.6% for the three months to the end of September, to EUR68.4m (US$93.7m). It said today (20 October) that the rise "affirms the trend for rising Champagne sales on all continents".

The firm's Champagne sales, which make up 70% of group sales, rose by 5.3% for the first nine months of 2011. Over the same period, total company sales increased by 6.2% on the same period of last year, to EUR195.1m. Investments in overseas distribution have paid off, said the firm, with Champagne export sales up by 16% for the nine-month period.

To read the company announcement, in French, click here.


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