VRANKEN-POMMERY MONOPOLE

Turnover first half 2020: €64.3 million. Controlled effects of the Covid-19 crisis

Financial press release

Turnover first half 2020: €64.3 million
Controlled effects of the Covid-19 crisis

Reims, July 16, 2020

Résilience of the business model

Cumulative data in € millions	30/06/2020	30/06/2019	Change	as a %
Champagnes	50,8	65.9	-15,1	-23,0%
Provences et Camargues wines	6,4	6,7	-0,3	-4,2%
Others (port, sparkling and sundry wines)	6,5	9,8	-3,3	-34,0%
Sales to customers	63,7	82,4	-18,8	-22,7%
Semi-finished products and generic wines	0,6	4,6	-4,0	-86,9%
Consolidated revenue (*)	64,3	87,0	-22,8	-26,1%
(*) under audit

In the context of the major pandemic crisis of Covid-19, the group's consolidated revenue for the first half of 2020 was €64.3 million, down 26.1%.

Sales to customers, which contribute to margins, fell by only 22.7% to € 63.7 million.

Although out-of-home consumption of "festive" products has been halted throughout the world as a result of containment measures, Vranken-Pommery Monopole has managed to limit the deterioration in its activity by a strong presence of its quality brands in all the off-trade sales networks: wine merchants, food retailers and food shops.

Export sales represent 56% of consolidated sales. They are mainly driven by sales of champagnes in the European Union and sales of rosé wines to major food customers.

In third countries, where the group has historically focused on the hotel and restaurant business, the development of the Vranken-Pommery Monopole has slowed down, especially in the United States where the market is, as always, subject to wide variations.