Vranken Pommery : 2023 sales slightly below forecasts. Limited drop in champagne sales in H2
>Sales of € 338.4m (vs € 352.1m est.) up 1.2% with 1.9% for the champagne business excl. interprofessional sales - 2023 sales came in 3% short of our forecast and below the guidance of +5%. Sales totalled € 338.4m (vs € 352.1m est.), up 1.2%, reflecting a slight contraction of 0.7% in H2. Champagne sales rose by 1% to € 290.7m (with +1.9% adjusted for interprofessional sales), underpinned by the price improvements obtained early 2023. This implies a limited decline o...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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