Vranken Pommery : H1 sales slightly better than expected thanks to better resilience for champagne at large retailers
>Fall in H1 sales of 26.1% vs -31%e with -23% for champagne - Vranken Pommery’s first-half sales came in above our estimate at € 64.3m (vs € 60m est.), down 26.1%. Business was hit hard by the consequences of the health crisis on champagne consumption, though the impact is not as big as anticipated. The group’s presence in the off1etrade network in Europe and the promotional campaigns launched at large retailers after the lockdown was eased weighted the fall in sales i...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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