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The latest update is out from Vranken Pommery Monopole ( (FR:VRAP) ).
Vranken-Pommery Monopole reported a 10.5% decline in consolidated sales for 2024, amounting to €302.9 million. The company faced challenges due to a significant drop in champagne market volumes and poor weather affecting harvest yields. Despite the decline, the company implemented a selective distribution approach to focus on premium segments, launching new products like Pommery & Greno’s Apanage Brut 1874 to improve profitability. While champagne sales fell by 9.5%, markets such as Benelux and Australia showed growth, and North America remained stable. Sales in other segments such as Provence, Camargue wines, and port wines also decreased, impacted by adverse weather and regional market conditions.
More about Vranken Pommery Monopole
Vranken-Pommery Monopole is a renowned wine-making company managing 2,600 hectares of land across four vineyards in Champagne, Provence, Camargue, and Douro. The company is committed to promoting terroirs, sustainable wine-growing, and environmental conservation. Its diverse portfolio includes prestigious champagne brands such as Vranken, Pommery & Greno, Heidsieck & Co Monopole, Charles Lafitte, and Bissinger & Co, as well as port and Douro wines, Provence and Camargue wines, and sparkling wines. Vranken-Pommery Monopole is listed on NYSE Euronext Paris and Brussels.
YTD Price Performance: -0.38%
Average Trading Volume: 20
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €114.5M
For detailed information about VRAP stock, go to TipRanks’ Stock Analysis page.
