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Vranken-Pommery Monopole - 2020 First-Half Results - €64.3 Million Stable First Half Net Income

Nachrichtenquelle: globenewswire
10.09.2020, 18:15  |  140   |   |   

Financial press release

2020 first-half revenue: €64.3 million
Stable first half net income

Reims, the 10th of September 2020

Vranken-Pommery Monopole’s Board of Directors met on the 10th of September 2020, chaired by Paul-François Vranken and in the presence of the statutory auditors, to approve the group’s financial statements for the first half of 2020.

Consolidated data in millions of euro 06/2020 06/2019 Change
Revenue 64,3 87,0 -22,7
Subactivity -1,0 0 -1.0
Ordinary Operating Income 1,2 2,9 -1,7
Operating Income -0,1 1,5 -1,6
Financial Result -8,8 -9.7 +0,9
Net income -6,5 -6,6 +0,1
Attributable to equity holders of the parent -6,4 -6,6 +0,2

  

Revenue

As a result of the containment measures adopted worldwide, including the closure of hotels, cafés and restaurants, the halt to events, the severe restrictions on international flights and Duty-Free sales, the group's consolidated revenues for the first half of 2020 reached €64.3 million, down 26.1%. However, it should be noted that :

  • The negative impact of inter-professional sales of €4 million compared to June 30, 2019 will be offset in the second half of the year;
  • Vranken-Pommery Monopole has managed to limit the deterioration in its business by a strong presence of its brands in all European off-trade sales networks: wine merchants, food retailers and food shops.

Export sales accounted for 56% of consolidated revenue, primarily driven by sales of Champagnes in the European Union and sales of Rosé Wines to large food customers.

Analysis of results

The Group's first-half results were marked by the containment measures that paralyzed the global economy. In this context, which was exceptional in its scope and intensity, Vranken-Pommery Monopole relied on its responsiveness and the agility of its organization to adapt to this unprecedented situation, as the results below attest :

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Vranken-Pommery Monopole - 2020 First-Half Results - €64.3 Million Stable First Half Net Income Financial press release 2020 first-half revenue: €64.3 million Stable first half net income Reims, the 10th of September 2020 Vranken-Pommery Monopole’s Board of Directors met on the 10th of September 2020, chaired by Paul-François Vranken and in …

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