Vranken Pommery : Strong growth in 2021 results driven by the strong momentum of the champagne market. Cautious message for 2022
>2021 underlying operating profit of € 32.4m vs the consensus forecast of € 25.2m. Resumption of dividend payments with € 0.8/share - On reported sales of € 301.2m (+23.4%) Vranken-Pommery yesterday evening published underlying operating profit of € 32.5m, up a strong 72% and beating our estimates (€ 24.8m est.) and the consensus (€ 25.2m). This performance is driven by a strong rise in champagne sales (+33%) and the improvement in the price mix with growth in intern...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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