Correction

Vranken-Pommery Monopole - 2020 Annual Results - Positive results despite the health crisis - Seite 3

During the 2020 financial year, Vranken-Pommery Monopole has implemented all the means at its disposal to ensure the continuity of its operations and preserve its liquidity. In this respect, the group has subscribed to €24 million in State Guaranteed Loans.

The group has no bond maturity in 2021.

Outlook

Vranken-Pommery Monopole returned to growth in the first quarter of 2021, with an increase of over 15% in its Champagne sales volumes.
At the end of March, sales volumes for Sables de Camargue had doubled thanks to new listings in European supermarkets and the upturn in business in the United States, while volumes for Provence remained dynamic, with a significant increase.

Aware of the attractiveness of its brands and confident in the quality of its production, Vranken-Pommery Monopole is approaching the 2021 financial year with confidence and determination, but remains cautious in its outlook, due to the persistence of the pandemic.

The deployment of the vaccination campaigns is indeed the essential prerequisite for the restoration of "normal" life, which will in particular enable the re-launch of events, the reopening of the hotel and catering and travel retail sectors throughout the world.

In this context, the group is aiming for turnover growth of around 5% in 2021

In addition, Vranken-Pommery Monopole reaffirms its strong commitment to responsible and sustainable viticulture. After the conversion of its vineyards in the Camargue and Provence to organic farming, the group is continuing with the conversion of its vineyards in Champagne and Portugal

Dividend

In a context that remains uncertain, the group maintains strict financial discipline and gives priority to preserving its liquidity. At the Annual General Meeting scheduled for 3 June 2021, Vranken-Pommery Monopole will therefore propose not to distribute a dividend for the 2020 financial year.

Next release

Publication of the group's Universal Registration Document (URD) on 15 April 2021 after the stock exchange.

  

About Vranken-Pommery Monopole

Vranken-Pommery Monopole manages 2,600 hectares of land, owned outright or under lease and spread over four vineyards in Champagne, Provence, Camargue and Douro. The group’s wine-making activities range from production to marketing, with a strong commitment to the promotion of terroirs, sustainable wine-growing and environmental conservation.
Its brand portfolio includes:

• Champagne : Vranken, Pommery & Greno, Heidsieck & Co Monopole, Charles Lafitte and Bissinger & Co;
• Ports and Douro Wines : Rozès and Sao Pédro port wines and the Terras do Grifo Douro wines;
• Camargue : Domaine Royal de Jarras and Pink Flamingo Camargue wines
• Provence : Château La Gordonne Provence and Chapelle Gordonne wines;
• Sparkling wines : Louis Pommery California, Louis Pommery England, Brut de France and Pink Flamingo sparkling wines.

Vranken-Pommery Monopole is listed on NYSE Euronext (Paris and Brussels).
(Codes “VRAP” (Paris), and “VRAB” (Brussels); ISIN: FR0000062796).

 

Attachment

• VPM Results 2020 EN