Vranken-Pommery Monopole has reported a 36.6% increase in net income to 10.3 million euros for 2022, and a 10.3% increase in profit from recurring operations to 34.6 million, giving a stable margin of 10.3% on sales up 11% to 334.5 million.

Claiming sales growth of 12.8% to the end of March 2023, the champagne group is confident for the current year, which 'should see further growth in all income statement aggregates'.

At its AGM on June 1, Vranken-Pommery will propose the payment of a dividend for 2022 of 0.80 euro per share. This will be paid on July 13, and would correspond to a gross yield of 4.52% based on the share price on March 29.

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