Vranken-Pommery Monopole Société Anonyme (0J7D.L)
| Previous close | 23.20 |
| Open | 20.17 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 20.17 - 20.17 |
| 52-week range | 20.17 - 20.17 |
| Volume | 9,041 |
| Avg. volume | N/A |
| Market cap | N/A |
| Beta (5Y monthly) | 0.76 |
| PE ratio (TTM) | 720.30 |
| EPS (TTM) | 0.03 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Globe Newswire
Vranken-Pommery Monopole - Availability of the 2020 Universal Registration Document:
Press Release VRANKEN-POMMERY MONOPOLE AVAILABILITY OF THE 2020 UNIVERSAL REGISTRATION DOCUMENT Including the Annual Financial Report Reims, April 15th 2021 VRANKEN-POMMERY MONOPOLE Group has filed its 2020 Universal Registration Document, with the French Autorité des Marchés Financiers (AMF), on 15th April 2021, under number D.21-0309. This document includes : the Annual Financial Report, including the consolidated financial statements, the parent company financial statements, the management report and the related Statutory Auditors' reports,the Statutory Auditors' special report on related-party agreements and commitments,the Board of Directors' corporate governance report,information relating to the fees paid to the Statutory Auditors, and ·the required information in relation to the share repurchase program. It is available to the public under conditions provided by regulations and can be download on the website of the Group : https://www.vrankenpommery.com/finance/communiques-et-information-reglementee The Universal Registration Document is also available on the AMF's website (www.amf-france.org). About Vranken-Pommery Monopole Vranken-Pommery Monopole is a leading wine player in Europe and the second largest champagne group.The group 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 activities include wine-growing, wine-making, distribution and marketing, with a strong commitment to the promotion of terroirs, sustainable wine-growing and environmental conservation.Its brand portfolio includes: the Vranken, Pommery & Greno, Heidsieck & Co Monopole, Charles Lafitte and Bissinger & Co champagnes; the Rozès and Sao Pédro port wines and the Terras do Grifo Douro wines; the Domaine Royal de Jarras and Pink Flamingo Camargue winesthe Château La Gordonne, and Chappelle Gordonne Provence wines;the Louis Pommery California, Louis Pommery England and Brut de France sparkling wines. Vranken-Pommery Monopole is listed on NYSE Euronext Paris ("VRAP") and Brussels ("VRAB"). ISIN: FR0000062796. Contacts Vranken-Pommery Monopole: Franck Delval, Financial Control Director+33 (0)3 26 61 62 34, comfi@vrankenpommery.frMediaLaurent Poinsot, +33 (0)1 53 70 74 77 lpoinsot@image7.fr Claire Doligez, +33 (0)1 53 70 74 25, cdoligez@image7.frCaroline Simon, +33 (0)1 53 70 74 65, caroline.simon@image7.fr Attachment VPM - Availability of the 2020 URD
- Globe Newswire
Correction: Vranken-Pommery Monopole - 2020 Annual Results - Positive results despite the health crisis
Financial press release Positive results despite the health crisis Reims, 29 March 2020 Vranken-Pommery Monopole’s Board of Directors met on 29 March 2021, chaired by Paul-François Vranken and in the presence of the statutory auditors, to approve the group’s financial statements for 2020 financial year. Consolidated data in millions of euro 31/12/2020 31/12/2019 ChangeIn value Revenue 244,0 274,6 -30,6 Ordinary Operating Income 18,6 24,3 -5,7 Operating Income 18,0 20,3 -2.3 Financial Result -17.3 -19,3 +2,0 Net income 0,3 0,1 +0,2 Attributable to equity holders of the parent 0,2 0,1 +0,1 The process of auditing and issuing the audit report for the certification of the consolidated accounts is being finalised. The Vranken-Pommery Monopole group demonstrated its ability to absorb economic shocks in the course of the year 2020. This resilience is based on its recognised brands, the quality of its products, the flexibility of its organisation and its presence in all distribution channels, particularly in home consumption networks. The end consumer has remained attached to the group's products and has adapted its consumption patterns to the constraints of the Covid-19 pandemic, in particular the restrictions on mobility and conviviality. Revenue Consolidated revenues for 2020 are down 11.1% to 244 million euros, with exports up 60%. In the Champagne business, in a market that is down around 18% in volume (source: CIVC), Vranken-Pommery Monopole is gaining market share with a limited 11.9% decline. The group even managed to increase its sales in the countries in the north-eastern crown of Europe and in Australia. The growth of Provence and Camargue Rosé Wines was confirmed at +11.7%. The group is establishing itself as a leader in organic winegrowing, thus responding to growing consumer demand. Port and Douro Wines suffered from the lack of tourist activity in Portugal, partially offset by export sales. Analysis of results The strategic measures announced and implemented over the last three years have made it possible to cushion the impact of the health crisis. This adaptation of the cost structure to market changes has proved its relevance in this unprecedented context and is reflected in : Current Operating Profit of €18.6m, down €5.7m. The Group reduced its personnel costs by €7.5m, of which €2.1m related to government support measures in the context of the pandemic.Operating Profit of €18m, down by €2.3m, with a stable margin compared to sales at 7.7%.Financial result improved by €2m to €17.3m, as a result of the work carried out over the last 3 years to reduce financial debt and improve financing conditions. The average rate of financial debt will be 2.40% in 2020 compared to 2.54% in 2019A net profit of €0.3m despite the deteriorated context. Financial structure Data in €M ASSETS 31/12/20 31/12/19 LIABILITIES 31/12/20 31/12/19 Non-curent assets 508,5 511,8 Equity attributable to the Group 368,2 369,3 Inventories and work in progress 673,2 685,8 Minority interests 4,3 4,3 Trade and other current assets 97,6 96,6 Non-current liabilities 690,6 708,1 Cash and cash equivalents 17,5 6,5 Current liabilities 233,7 213,0 TOTAL 1 296,8 1 294,7 TOTAL 1 296,8 1 294,7 Shareholders' equity remains stable at €372.5m and represents almost 29% of the balance sheet total. The Group's net financial debt at 31/12/2020 was €683.6m compared with €712.1m in 2019, a reduction of €28.5m. This reduction corresponds to the group's net cash generation, thanks to the control of its operating requirements. Restated for the application of IFRS 16 in the amount of €25m in 2020, net financial debt stands at €658.6m, fully covered by the €673.2m of inventories. 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 winesProvence : 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
- Globe Newswire
Vranken-Pommery Monopole - 2020 Annual Results - Positive results despite the health crisis
Financial press release Positive results despite the health crisis Reims, 29 March 2020 Vranken-Pommery Monopole’s Board of Directors met on 29 March 2021, chaired by Paul-François Vranken and in the presence of the statutory auditors, to approve the group’s financial statements for 2020 financial year. Consolidated data in millions of euro 31/12/2020 31/12/2019 ChangeIn value Revenue 244,0 274,6 -30,6 Ordinary Operating Income 18,6 24,3 -5,7 Operating Income 18,0 20,3 -2.3 Financial Result -17.3 -19,3 +2,0 Net income 0,3 0,1 +0,2 Attributable to equity holders of the parent 0,2 0,1 +0,1 The process of auditing and issuing the audit report for the certification of the consolidated accounts is being finalised. The Vranken-Pommery Monopole group demonstrated its ability to absorb economic shocks in the course of the year 2020. This resilience is based on its recognised brands, the quality of its products, the flexibility of its organisation and its presence in all distribution channels, particularly in home consumption networks. The end consumer has remained attached to the group's products and has adapted its consumption patterns to the constraints of the Covid-19 pandemic, in particular the restrictions on mobility and conviviality. Revenue Consolidated revenues for 2020 are down 11.1% to 244 million euros, with exports up 60%. In the Champagne business, in a market that is down around 18% in volume (source: CIVC), Vranken-Pommery Monopole is gaining market share with a limited 11.9% decline. The group even managed to increase its sales in the countries in the north-eastern crown of Europe and in Australia. The growth of Provence and Camargue Rosé Wines was confirmed at +11.7%. The group is establishing itself as a leader in organic winegrowing, thus responding to growing consumer demand. Port and Douro Wines suffered from the lack of tourist activity in Portugal, partially offset by export sales. Analysis of results The strategic measures announced and implemented over the last three years have made it possible to cushion the impact of the health crisis. This adaptation of the cost structure to market changes has proved its relevance in this unprecedented context and is reflected in : Current Operating Profit of €18.6m, down €5.7m. The Group reduced its personnel costs by €7.5m, of which €2.1m related to government support measures in the context of the pandemic.Operating Profit of €18m, down by €2.3m, with a stable margin compared to sales at 7.7%.Financial result improved by €2m to €17.3m, as a result of the work carried out over the last 3 years to reduce financial debt and improve financing conditions. The average rate of financial debt will be 2.40% in 2020 compared to 2.54% in 2019A net profit of €0.3m despite the deteriorated context. Financial structure Data in €M ASSETS 31/12/20 31/12/19 LIABILITIES 31/12/20 31/12/19 Non-curent assets 508,2 511,8 Equity attributable to the Group 368,8 369,3 Inventories and work in progress 673,2 685,8 Minority interests 4,3 4,3 Trade and other current assets 98,2 96,6 Non-current liabilities 690,5 708,1 Cash and cash equivalents 17,5 6,5 Current liabilities 233,5 213,0 TOTAL 1 297,1 1 294,7 TOTAL 1 297,1 1 294,7 Shareholders' equity remains stable at €372.5m and represents almost 29% of the balance sheet total. The Group's net financial debt at 31/12/2020 was €683.6m compared with €712.1m in 2019, a reduction of €28.5m. This reduction corresponds to the group's net cash generation, thanks to the control of its operating requirements. Restated for the application of IFRS 16 in the amount of €25m in 2020, net financial debt stands at €658.6m, fully covered by the €673.2m of inventories. 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 winesProvence : 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
