• Full-year net profits jump by 10.2% to EUR25.2m (US$m)
  • Sales in 12 months to end of March increase by 5.6% to EUR244.8m
  • Operating profits also rise, by 5.7% to EUR44.5m
Laurent-Perrier saw sales growth slow in the second half of fiscal-2016

Laurent-Perrier saw sales growth slow in the second half of fiscal-2016

Laurent-Perrier has posted a healthy set of results from its latest fiscal full year, but has warned that the trading environment in 2016 "requires considerable caution".

The Champagne house said earlier this week that its net profits in the 12 months to the end of March increased by just over 10% on a near-6% lift in sales. The performance was driven by "strong activity" in Europe.

The bottom line growth was boosted during the second half of the year, after first-half profits rose by just under 5%. Sales growth slowed, however, from the 7.6% increase reported in December.

Exports accounted for 78.4% of sales.

On outlook, the company said: "The Laurent-Perrier Group is confident in the phased roll-out of its growth plan – a plan that calls for perseverance, speed, and agility to strengthen Laurent-Perrier in a 2016 market environment that requires considerable caution."

Last week, Centre-Vinicole Champagne Nicolas Feuillatte posted an increase in sales and operating profits for calendar 2015.

To read the company's full results statement, click here.