Vranken Pommery : 2019 sales down 8.6%, penalised by the fall in champagne sales
>Sales down 8.6%, of which -10% for champagne - Vranken Pommery disclosed its 2019 sales yesterday evening (ahead of the official publication date). Sales over the period were down 8.6% to € 274.6m, which is shy of our expectations of € 300.7m, due to champagne (76% of sales). The decline in champagne sales reached 10%, comparable to the magnitude of the contraction recorded in H1, penalised by the effects of the EGalim food legislation which regulates special offers ...Vranken-Pommery Monopole is engaged in the production, marketing and distribution of alcoholic beverages, primarily champagne, porto and pink wine (Rose). Co.'s brands are Pommery, Vranken, Heidsieck & Cdeg Monopole and Charles Lafitte for champagne; Sao Pedro, Rozes et Terras do Grifo for Porto; and Listel and Chapelle Gordonne et Billette for pink wine (Rose). Co.'s activities can be divided into three segments: Vineyard which focuses on managing Co.'s vineyard and wine-producing activities; Production of champagne, porto and pink wine; and Distribution and Marketing of products.
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