Henkell Results Illustrate Resilient Demand For Wine In Germany

Privately owned German wine and spirit producer Henkell & Co. Sektkellerei has reported an increase in sales during 2009, with turnover up by 5.8% to EUR628.6mn and volumes up by 8% to 19.8mn. Henkell, which derives 66% of its sales from sparkling wine, attributed its results to strong domestic demand and international expansion, with acquisitions in Poland, Slovakia and Italy. During the year the firm is likely to have benefitted from a drop in demand for champagne and an increased demand for cheaper substitutes, such as sparkling German wine

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