Vranken Pommery : Good operating profitability trend. FY sales growth guidance maintained
>H1 underlying operating profit of € 11m vs € 7.8m est. for H1 sales of € 117.7m (+4.9%) but net income still negative at -€ 1.9m due to higher interest expense - On sales growth in H1 of 5.4% to € 117.7m which is adjusted by +€ 3m relative to the figure reported in July (related to services for companies outside of the listed scope of the group), Vranken Pommery yesterday evening reported underlying operating profit of € 11m vs € 5.4m in H1 2022 and ahead of our esti...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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