For the first half of 2023, Vranken-Pommery Monopole has reported an improvement in net income of +4.8% to -2 million euros, and a current operating margin of 9.3%, compared with 4.8% in the first half of 2022.

Sales for the wine house came to 117.7 million euros (+4.9%), in line with the confirmed growth target of 5% for the year, in a champagne market where shipment volumes fell by 4.7% (source Comité Champagne).

Champagne brands Pommery & Greno and Vranken underpinned the Group's sales growth, while Champagne Heidsieck & Co Monopole performed well in the export market," she adds.

Copyright (c) 2023 CercleFinance.com. All rights reserved.