Schloss Wachenheim AG

Schloss Wachenheim AG produces and distributes sparkling and semi-sparkling wine products across Europe, including France, Poland, Romania, the Czech Republic, Slovakia, and Great Britain. Its portfolio also includes dealcoholized still and sparkling wines, vermouth, cider, spirits, and other wine-based beverages, as well as non-alcoholic wine-based products and children's party drinks. The company markets its products under brands such as Light Live, Faber, Robby Bubble, Schloss Wachenheim, Nymphenburg Sekt, Schweriner Burggarten, Schwansee Sket, Bar Royal, Eisberg, Kleine Reblaus, Rebling, Schloss Bochingen, Feist, Azzurro, Blû Prosecco, Premiat, Mädchentraube, König Ludwig, Fruchtiger Engel, Vipa, and Hanse Wismar in Germany; Charles Volner, Opera, Muscador, Veuve Amiot, Pol Cement, and Cavalier in France; and CIN & CIN, Fresco, El Sol, Slantschew Brjag, Pliska, Cydr Lubelski, Piccolo, Milcov, Dorato, Zarea, and Winiarnia Zamojska in East Central Europe. Formerly known as Sektkellerei Schloss Wachenheim AG, it changed its name to Schloss Wachenheim AG in December 2014; the company was founded in 1888 and is based in Trier, Germany.

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Schloss Wachenheim FY Sales and Profits Miss Forecasts

Schloss Wachenheim, the Germany-based sparkling-wine group, reported preliminary annual results that fell short of its own forecasts, with sales inching up just 0.3% to €448.9m ($521.9m) for the year to 30 June, versus a projected 3% rise. Volume sales increased 2.4% to 229.6 million 750ml bottles, but the company's fourth-quarter performance "fell short of expectations" across all divisions. EBIT came in at approximately €27.6m, up from €27.2m a year earlier but below the €30-33m forecast, while net income after taxes of around €16.4m exceeded the prior year's €16.2m but missed the €18-21m range. The company will publish its full annual results later this month.

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