Vranken-Pommery Monopole - 2021 First-Half Results - €93.3m (+45%)
Very strong rebound in activity
Financial press release
Turnover for the first half of 2021:
€93.3m (+45%)Very strong rebound in
activity2021 revenue growth target
revised upwards to at least
+7.5%
Reims, July 15th, 2021
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|
|
|
|
Cumulative data in € millions |
30/06/2021 |
30/06/2020 |
Change |
as a % |
Champagnes |
76,1 |
50,8 |
+25,3 |
+50,0% |
Semi-finished
products |
1,4 |
0,6 |
+0,8 |
NS |
Provences et
Camargues wines |
8,0 |
6,4 |
+1,6 |
+23,6% |
Others (Port,
Sparkling Wines and others) |
7,8 |
6,5 |
+1,3 |
+20,0% |
Consolidated revenue (*) |
93,3 |
64,3 |
+29,0 |
45,1% |
(*) under audit |
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In the context of the global pandemic,
Vranken-Pommery Monopole's international presence, with its nine
subsidiaries, has been a key asset in ensuring resilience at the
height of the crisis, and then initiating a powerful rebound.
After months of confinement, sales of our
Champagnes have recovered strongly, particularly for Champagne
Pommery & Greno, for which demand is particularly strong in all
countries, from North America to Australia, as well as in all
European countries.
For its part, Champagne Vranken has seen record
sales on the Belgian market.
The Group's consolidated revenues for the first
half of 2021 came to 93.3 million euros, up 45% on the previous
year. It is thus back to a level comparable to that established in
the first half of 2018, thanks in particular to a favourable
price/mix effect.
Sales to customers are 46% higher than at 30
June 2020, and 13.5% higher than in 2019.
All of the group's markets are progressing
without exception in terms of both volume and mix. Turnover in
France is up by 20% and exports, which now represent 64% of the
business, are up by 68%.
This excellent export activity can be explained
by :- The measures undertaken for several years to internationalise
the group. - The market share gains achieved by the group in 2020.-
The group's local presence throughout the world, via its
subsidiaries, which has enabled a rapid resumption of activity as
close as possible to customers without being constrained by travel
limits.
Champagne Branch
Champagne sales for the first half of 2021 came
to 76.1 million euros, representing a 50% increase.
This remarkable performance is explained by a
significant increase in volumes across the Group's brand portfolio,
and by the intensification of Champagne Pommery & Greno's
international development.
Wine Branch
Rosé wines from Provence and Camargue saw a
further increase of almost 24%. The reopening of the hotel and
catering sector contributed to the growth of the branch in the
first half of 2021.
Sales of Château La Gordonne's Provence and
Domaine Royal de Jarras' Camargue Rosé wines continued to grow.
This dynamic is primarily due to the quality of the wines produced,
but also to their international distribution model.
Sparkling
Wines branch
Louis Pommery California Sparkling Wine,
distributed in the same networks as Champagne, has grown by over
39% in the United States.
Ports and Douro Wines
Branch
Sales of Port and Douro Wines are back on the
rise with an increase of 24% compared to 30 June 2020, thanks to
the recovery of tourist activity in Portugal and the recurrence of
sales in the European Union.
Semi-finished products
As in 2020, interprofessional sales remain
marginal in the composition of turnover.
Outlook
The spring frosts and the outbreaks of mildew
will have a strong impact on the yields in Champagne.The harvest is
expected to be small but should fortunately be compensated by the
release of reserve wines.
The vines in Provence should produce a good
harvest, but the vineyards of Camargue, which also suffered heavy
spring frosts, should see a smaller harvest than in 2020.
Given the evolution of its consolidated turnover
in the first half of the year, and despite the climatic hazards,
the group has revised upwards its target for growth in consolidated
turnover in 2021 to a minimum of +7.5% (compared to +5%
previously).
Reason for Being
Aware of its role as a sentinel of climate
change and its social responsibility, the Vranken-Pommery Monopole
group has included its Reason for Being in its articles of
association and transformed itself into a Mission Company at its
General Meeting of 3 June 2021, thus becoming the first Champagne
House, and more generally in the world of wine, to join this
dynamic.
The Company's Raison d'Etre consists of
promoting the highest quality of Champagnes and Wines produced
throughout the world, while mobilising the ecosystem in which the
Company operates (companies in its Group, employees, partners,
customers, shareholders), for the protection of the environment and
biodiversity, sustainable development and the preservation of the
identity of the terroirs and the specificity and quality of their
products.
The Company's mission is to pursue the following
objectives- To be part of a sustainable development strategy,- To
achieve organic conversion for the company's own vineyards as well
as partner vineyards,- To limit the impact of its activities and
those of the Group's companies on the environment, - Limit the use
of fossil fuels and promote the use of renewable energies,- Treat
waste and/or recycle it, - Preserve natural areas and
biodiversity,- Preserve the natural, historical and built
heritage,- Preserve the strong identity of the terroirs, their
human foundation, their ecosystem but also the specificity and the
best quality of their products,- To propose to the companies of the
group, employees, partners, customers and shareholders to adhere to
the above-mentioned values by proposing Champagnes and Wines of an
extreme quality but with a limited environmental impact.
Next release
Online publication of the group's half-year
financial report on 9 September 2021, after the close of
trading
About Vranken-Pommery
Monopole
Vranken-Pommery Monopole manages 2,600 hectares
of land owned outright or under lease, of which 2,200 ha are
organic or in conversion, and spread over four vineyards in
Champagne, Provence, Camargue and Douro. The group’s wine-making
activities range from production to marketing, with a strong
commitment to the promotion of terroirs, sustainable wine-growing
and environmental conservation.Its brand portfolio includes:
- the Vranken, Pommery & Greno,
Heidsieck & Co Monopole, Charles Lafitte, and Bissinger &
Co champagnes;
- the Rozès and Sao Pédro port wines
and the Terras do Grifo Douro wines;
- the Domaine Royal de Jarras and
Pink Flamingo Camargue wines and the Château La Gordonne Provence
wine;
- the Louis Pommery California, Louis
Pommery England, Brut de France and Pink Flamingo sparkling
wines.
Vranken-Pommery Monopole is listed on NYSE
Euronext (Paris and Brussels).(Codes “VRAP” (Paris), and “VRAB”
(Brussels); ISIN: FR0000062796).
Contacts
Vranken-Pommery Monopole : Franck Delval,
Financial Control Director+33 3 26 61 62 34,
comfi@vrankenpommery.fr |
PresseLaurent Poinsot, + 33 1 53 70 74 77
lpoinsot@image7.frClaire Doligez, +33 1 53 70 74 25,
cdoligez@image7.frCaroline Simon, +33 1 53 70 74 65,
caroline.simon@image7.fr |
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