Nicolas Feuillatte heads for premiumisation

Thursday May 23 2019 by Vitisphere

Véronique Blin, chair of Nicolas Feuillatte: “Value deteriorated slightly in 2018, due to major investments aimed at building premiumisation and conquering new export markets”.Véronique Blin, chair of Nicolas Feuillatte: “Value deteriorated slightly in 2018, due to major investments aimed at building premiumisation and conquering new export markets”. - Photo credit : Aude Lutun

Nicolas Feuillatte, the leading co-operative winery group in Champagne with 4,500 members, held its AGM on May 10 in Chouilly. With sales of 10.4 million bottles in 2018, Nicolas Feuillatte remains number one in France, where it posted a 4% increase in revenue, and number three for exports. The objective announced last year to ramp up exports has been maintained. “Priority markets are the USA, Japan, Germany and Canada”, said managing director Christophe Juarez. The partnership signed with Cirque du Soleil, based in Montreal, and the opening of an Asian office in Tokyo illustrate the group’s export investment. Europe is also a focus, as evidenced by a marketing partnership with Castelnau Wines Agency, owned by fellow Champagne co-operative winery group, CRVC. Most noteworthy performances in 2018 came from Italy, which posted growth of +28%, Canada +24%, Sweden +16% and France +3%.

Stable turnover

Turnover, which amounted to €200 million, remained stable compared to 2017. “Value deteriorated slightly in 2018, due to major investments aimed at building premiumisation and conquering new export markets”, commented Véronique Blin, chair of Nicolas Feuillatte. The ratio of net income to sales thus went from 7.95% in 2017 to 6.3% in 2018. Equity is in the range of €200 million.

 

 

 

LEAVE A COMMENT

Processing

COMMENTS

No comments yet.

© Vitisphere 2019 - Tout droit réservé