VRANKEN-POMMERY MONOPOLE Financial press release
Continued growth in business
Sales revenue at 30 September 2014: €179.8m (+1.1%)
On a comparable consolidation basis: €189.5m (+6.5%)
Reims, 23 October 2014
Vranken-Pommery Monopole recorded sales revenue of €179.8 million for the first nine months of the year, compared to €177.9 million for the same period in 2013, an increase of 1.1%.
On a comparable consolidation basis, sales revenue would have risen 6.5% to €189.5 million.
This takes into account the contribution of assets on 30 June 2014 to the subsidiary Listel established by Vranken-Pommery Monopole and Castel, which led to a reduction in the group's consolidation scope equivalent to €9.7 million in sales revenue.
Listel is accounted for in the consolidated financial statements according to the equity method.
The business carried out through the new company was not included in the third quarter 2014 accounts, as it had been for financial year 2013.
The figures below show the sales revenue for each segment as it would have been without the Listel deal.
Champagne
Figures from the Comité Interprofessionnel des Vins de Champagne trade organisation show a slight upturn in business for Champagne Houses with international brands, both in France and abroad.
Vranken-Pommery Monopole, which is an active player in the segment, saw its Champagne sales revenue rise by 3.7% to €44.9 million in the third quarter.
Sales growth is supported by the integrated distribution network, whether in Europe, the United States or Australia.
Provence and Camargue
Grands Domaines du Littoral, a subsidiary of Vranken-Pommery Monopole and owner of Château La Gordonne in Provence and Domaine Royal de Jarras in Camargue recorded sales revenue of €8.0 million for the third quarter of 2014 alone. This figure was impacted by the removal of the "Listel Négoce" business which was brought in to the new Listel company.
On a comparable consolidation basis, including the Listel business, sales revenue would have been €15.3 million.
The rise in Domaines et Châteaux wine sales in the first half of the year, continued in the third quarter in both the French and export markets, particularly in the United States, where the vins gris of Sable de Camargue and rosé wines of Côtes de Provence are extremely successful.
Other activities
The group's "other activities" including sales of Port and Douro wines remained buoyant in the third quarter and contributed to the €1.1 million overall growth, with sales of €4.3 million.
At a constant consolidation scope, sales revenue from other products would have been €3.9 million.
Trade sales and generic wines
These sales stood at €0.5 million for the third quarter.
At a constant consolidation scope, sales revenue would have come to €3.3 million.
Outlook
Given the seasonal nature of the business, the group does not announce a target in figures.
Vranken-Pommery Monopole continues to apply its strategic plan, which is intended to lead, in particular, to the announced debt reduction.
| (1 January / 30 September) | ||||
| In millions of euros | 2014 | 2013 | Change | Change as % |
| Champagnes (*) | 123,7 | 117,5 | 6,2 | 5,3% |
| Provence and Camargue wines (*) | 36,9 | 41,8 | -4,9 | -11,7% |
| Other | 12,1 | 9,5 | 2,6 | 27,4% |
| Sub-total of brand sales | 172,7 | 168,8 | 3,9 | 2,3% |
| Trade sales (semi-finished products) and generic wines | 7,1 | 9,1 | -2,0 | -22,0% |
| Sub-total | 7,1 | 9,1 | -2,0 | -22,0% |
| Total sales revenue 1 January / 30 September) | 179,8 | 177,9 | 1,9 | 1,1% |
| Q3 (1 July / 30 September) | ||||
| In millions of euros | 2014 | 2013 | Change | Change as % |
| Champagnes (*) | 44,9 | 43,3 | 1,6 | 3,7% |
| Provence and Camargue wines (*) | 8,0 | 14,8 | -6,8 | -45,9% |
| Other | 4,3 | 3,2 | 1,1 | 34,4% |
| Sub-total of brand sales | 57,2 | 61,3 | -4,1 | -6,7% |
| Trade sales (semi-finished products) and generic wines | 0,5 | 4,7 | -4,2 | -89,4% |
| Sub-total | 0,5 | 4,7 | -4,2 | -89,4% |
| Total sales revenue 1 July - 30 September | 57,7 | 66,0 | -8,3 | -12,6% |
| H1 (1 January /30 June) | ||||
| In millions of euros | 2014 | 2013 | Change | Change as % |
| Champagnes (*) | 78,8 | 74,2 | 4,6 | 6,2% |
| Provence and Camargue wines (*) | 28,9 | 27,0 | 1,9 | 7,0% |
| Other | 7,8 | 6,4 | 1,4 | 21,9% |
| Sub-total of brand sales | 115,5 | 107,6 | 7,9 | 7,3% |
| Trade sales (semi-finished products) and generic wines | 6,6 | 4,3 | 2,3 | 53,5% |
| Sub-total | 6,6 | 4,3 | 2,3 | 53,5% |
| Total H1 sales revenue (1 January / 30 June) | 122,1 | 111,9 | 10,2 | 9,1% |
| (*) excluding trade sales | ||||
Forthcoming statements
FY 2014 sales revenue: 23 January 2015
About Vranken-Pommery Monopole
Vranken-Pommery Monopole is the second largest Champagne group.
With sites in Champagne, Provence, Camargue and Douro, it is Europe's leading wine grower.
Its brand portfolio includes:
- the leading Champagne brands Vranken, Pommery, Heidsieck & Co Monopole et Charles Lafitte;
- the Rozes Port and Terras do Grifo Duoro wine brands;
- the Sable de Camargue Domaine Royal De Jarras and Côtes de Provence Chateau La Gordonne rosé wines.
In addition, it is the joint owner, with the Castel Group of the Listel brand portfolio.
Vranken-Pommery Monopole is listed on the NYSE Euronext (Paris and Brussels).
(Codes "VRAP" (Paris), and "VRAB" (Brussels); ISIN code: FR0000062796).
Contacts
| Vranken-Pommery Monopole: Patrice Proth, General Secretary + 33 3 26 61 62 34, comfi@vrankenpommery.fr: mailto:comfi@vrankenpommery.fr | Press Claire Doligez, +33 1 53 70 74 25, cdoligez@image7.fr: mailto:cdoligez@image7.fr Caroline Simon, +33 1 53 70 74 65, caroline.simon@image7.fr: mailto:caroline.simon@image7.fr |
http://hugin.info/143614/R/1865274/654895.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VRANKEN-POMMERY MONOPOLE via Globenewswire
