Brief: Vranken Pommery Eyes Around 5% Turnover Growth In 2021

Maison Pommery & Associes SA

30/03/2021 07:14

March 30 (Reuters) - VRANKEN POMMERY MONOPOLE SA  VRKP.PA :
    * ANNOUNCED ON MONDAY FY RESULTS
    * FY CONSOLIDATED REVENUES DOWN 11.1% TO EUR 244.0 MLN
    * FY CONSOLIDATED ORDINARY OPERATING INCOME EUR 18.6 MLN VS
EUR
24.3 MLN YR AGO
    * FY CONSOLIDATED OPERATING INCOME EUR 18.0 MLN VS EUR 20.3
MLN YR
AGO
    * FY CONSOLIDATED NET INCOME EUR 0.3 MLN VS EUR 0.1 MLN YR
AGO 
    * WILL PROPOSE NOT TO DISTRIBUTE DIVIDEND FOR 2020
    * END-FY CASH AND CASH EQUIVALENTS EUR 17.5 MLN VS EUR 6.5
MLN YR
AGO
    * END-FY NET FINANCIAL DEBT EUR 683.6 MLN VS EUR 712.1 MLN
YR AGO
    * RETURNED TO GROWTH IN Q1 2021, WITH AN INCREASE OF OVER
15% IN
ITS CHAMPAGNE SALES VOLUMES
    * REMAINS CAUTIOUS ON OUTLOOK, DUE TO PERSISTENCE OF
PANDEMIC
    * AIMS FOR TURNOVER GROWTH OF AROUND 5% IN 2021
    * CONTINUES WITH CONVERSION OF ITS VINEYARDS IN CHAMPAGNE
AND
PORTUGAL

    
 Source text for Eikon:  ID:nGNEbSrhGP 
 Further company coverage:  VRKP.PA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))