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Thursday, 20 July 2017

VRANKEN-POMMERY MONOPOLE - 2017 first-half revenues: €101.4 million, Sharp increase in revenues over the half-year: +6.5% - Disposal of the stake in Listel SAS

VRANKEN-POMMERY MONOPOLE    

Published: 19:36 CEST 20-07-2017 /GlobeNewswire /Source: VRANKEN-POMMERY MONOPOLE / : VRAP /ISIN: FR0000062796


 

 Financial press release

  

Vranken-Pommery Monopole

 

2017 first-half revenues: €101.4 million 

Sharp increase in revenues over the half-year: +6.5%

Disposal of the stake in Listel SAS

 

 

 

Reims, 20 July 2017

 

All of the Group's businesses contributed to an increase in revenues in the first half of the year, with particularly robust growth in the second quarter. There was a 7.3% increase in international brand sales.

 

The Group now intends to focus on the development and distribution of Domaines et Châteaux brands, and accordingly ended the Listel joint venture put in place with the Castel group.

 

Consequently, it sold its stake in Listel SAS holding to Castel on 19 July 2017.

 

This transaction, which took place in the second half of 2017, will have a positive impact on the Group's financial statements. It will be disclosed in detail under "Events after the reporting period" in the 2017 interim financial statements, which will be published on 11 September 2017*.

 

 

Champagne

The Pommery and Heidsieck & Co Monopole brands supported dynamic Champagnes sales, particularly in European Union countries other than France and non-European markets.

 

Rosé de Camargue and Rosé de Provence wines

The results recorded during this half-year, showing growth of 12.5%, demonstrate the relevance of the strategy put in place for developing and distributing "gris" and rosé wines produced by the Group's estates.

 

Sales increased by nearly 17% in France and abroad in the second quarter.

 

Growth in consolidated revenues

 

 

H1 (1 January - 30 June)

In millions of euros

2017

2016

Change

% change

Champagne

73.3

72.8

0.5

0.7%

Provence and Camargue wines

10.8

9.6

1.2

12.5%

Other

8.2

8.0

0.2

2.5%

Sub-total, brand sales

92.3

90.4

1.9

2.1%

Inter-industry (semi-finished product) and generic wine sales

9.1

4.8

4.3

89.6%

Total H1 revenues

101.4

95.2

6.2

6.5%

 

 

 

Q2 (1 April - 30 June)

in millions of euros

2017

2016

Change

% change

Champagne

36.2

34.3

1.9

5.5%

Provence and Camargue wines

7.6

6.5

1.1

16.9%

Other

4.8

4.5

0.3

6.7%

Sub-total, brand sales

48.6

45.3

3.3

7.3%

Inter-industry (semi-finished product) and generic wine sales

0.5

1.0

- 0.5

-50.0%

Total Q2 revenues

49.1

46.3

2.8

6.0%

 

 

 

Q1 (1 January - 31 March)

in millions of euros

2017

2016

Change

% change

Champagne

37.1

38.5

-1.4

-3.6%

Provence and Camargue wines

3.2

3.1

0.1

3.2%

Other

3.4

3.5

-0.1

-2.9%

Sub-total, brand sales

43.7

45.1

-1.4

-3.1%

Inter-industry (semi-finished product) and generic wine sales

8.6

3.8

4.8

126.3%

Total Q1 revenues

52.3

48.9

3.4

 7.0%

 

 

Outlook

The very promising launch of the Louis Pommery California sparkling wine brand will enable the Group to expand its North American subsidiary's product offering and gain market share in a very strong growth segment.

 

The Pommery brands will be able to increase their market share in this rapidly expanding segment thanks to the Group's cross-selling, advertising and reputational franchise. 

 

The increase in Vranken-Pommery America's revenues arising from the marketing of Louis Pommery California is estimated at more than 10%.

 

Group subsidiary Les Grands Domaines du Littoral has earmarked Domaine du Bosquet in Aigues-Mortes for the creation of a new wine growing and making unit, exclusively for the production of Brut de France.

 

Next date

Publication of the 2017 interim financial report: 11 September 2017*

Contrary to what was previously announced, the Group has brought forward publication of its 2017 interim results to 11 September.

 

 

 

 * publication initially scheduled for 14 September 2017

 

 

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 and CHAMPAGNE CHARLES LAFITTE;
  • the ROZES and SAO PEDRO ports and TERRAS DO GRIFO Douro wine brands;
  • the Sable de Camargue DOMAINE ROYAL DE JARRAS rosé wines and Côtes de Provence CHATEAU LA GORDONNE.

 

Vranken-Pommery Monopole is listed on NYSE Euronext (Paris and Brussels).

(Codes "VRAP" (Paris), and "VRAB" (Brussels); ISIN: FR0000062796).

 

 

 

Contacts

Vranken-Pommery Monopole :

Patrice Proth, General secretary

+33 3 26 61 62 34, comfi@vrankenpommery.fr

Press

Claire Doligez, +33 1 53 70 74 25, cdoligez@image7.fr

Caroline Simon, +33 1 53 70 74 65, caroline.simon@image7.fr

 

 



VPM_CP_CA_T2_2017_EN



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: VRANKEN-POMMERY MONOPOLE, 5, place du Général Gouraud BP 1049, Reims Cedex 2 51689, France
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