Declining Sales for Schlumberger

CompaniesRetail & Consumer ♦ Published: August 10, 2011; 21:19 ♦ (Vindobona)

Revenue of the Austrian champagne and spirits producer dropped by 3.9% in the first quarter of financial year 2011/12.

Declining Sales for Schlumberger / Picture: © Schlumberger

Schlumberger recorded a negative development in the first three months of 2011/12. Revenue of the stock-listed champagne producer declined by 3.9% to € 48.6m. Consolidated profit amounted to € 50,000 after € 360,000 in the reference period 2010. The decline in revenue was due to continuing low consumption levels and price increases that became necessary after a weak grape harvest…