Vranken-Pommery: ROC up by nearly 13% in 2023

(CercleFinance.com) - Vranken-Pommery Monopole reports net income for 2023 of 6.
1 million euros, compared with 10.2 million in 2022, but with profit from recurring operations (ROC) up 12.7% to 39 million, representing a margin improved by 1.2 points to 11.5%.

Group sales rose by 1.2% to 338.4 million euros, in a Champagne market down 8.2% in volume terms, back to its 2019 level. Exports remained stable at 65% of packaged sales.

At its AGM on June 6, Vranken-Pommery will propose the payment of a dividend for 2023 of 0.80 euro per share. This will be paid on September 25, and would correspond to a gross yield of 5.11% based on the share price on March 26.

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