VRANKEN-POMMERY MONOPOLE

Turnover first half 2020: €64.3 million. Controlled effects of the Covid-19 crisis - Seite 2

Champagnes

Champagne sales in the first half of 2020, down 23% to €50.8 million, were almost completely halted in hotel and restaurant networks around the world.
This impact was partially offset by sales in the Off-trade in France, and especially in Benelux, Germany and Switzerland, all the more so as family reunification, which promotes conviviality, was authorised in these five countries as part of the containment.

Rosé Wines

The group's multi-networks enabled sales of rosé wines, whether from Provence or the Camargue, to be maintained at a level almost equivalent to that of 2019 (-4.2%).

The impact of the closure of restaurants in France, where Provence Château La Gordonne and Camargue Domaine Royal de Jarras are particularly well represented, was largely offset by additional sales in wine stores and food networks.

This was also the case throughout Europe: Belgium, Holland, Germany and Switzerland.

Over the second half of the year, the deconfinement will have a favourable effect on rosé wine sales.

Sparklings Wines

Louis Pommery, a Californian sparkling wine, distributed like Champagne in the most prestigious networks of the hotel industry, experienced a similar slowdown to the latter in the United States.

Ports and Douro Wines

In France, the decline in sales was limited to 9%, but the Portuguese subsidiary's activity was strongly affected in its domestic market, where tourism, the main sector of activity, was halted by containment. Sales in Portugal collapsed.

Semi-finished product sales 

Semi-finished product sales of Grands Domaines du Littoral are postponed to the second half of the year.

Outlook

The vines of the group present the best conditions for a quality harvest, which is expected very early for the Champagne region from August 20th. On the other hand, in Provence, the vineyards have suffered a strong spring frost.

The group will take all measures to limit its supplies and balance its inventories, taking into account the weakness of current sales and the uncertainties linked to future sales.

Above all, the past period has enabled Vranken-Pommery Monopole to demonstrate the resilience and solidity of its business model, which is based on a wide range of high-quality products, multi-channel distribution and an international presence.

Next release

Online publication of the 2020 Half-Year Financial Report: September 10, 2020 after the close of trading.

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