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Declining Sales for Schlumberger
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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…
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