Vranken Pommery Monopole Reports Group Revenue Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides Earnings Guidance for the End of Fiscal Year 2012
As at 30 September 2012, the Group's turnover stood at EUR 188 million, compared with EUR 195.1 million as at 30 September 2011.
The company also provided earnings guidance for the end of fiscal year 2012. The company reported that the growth of the turnover for the Vins de Provence and Sable de Camargue business is expected to continue until the end of 2012. In addition, the restructuring measures started in 2011 should bear their first fruits for the 2012 financial year. This restructuring will continue in 2014.