FRANCE: Laurent-Perrier sales jump 15% in H1
Laurent-Perrier has reported a 15.1% rise in 2007-08 first-half sales to EUR115.43m, on the back of a strong performance by the Laurent-Perrier brand, particularly in Japan.
The French Champagne maker said that volume rises had accounted for 7.7 percentage points in the sales rise, whilst improvements in the product mix accounted for 7.9 percentage points.
The company said that for the full year, it expected the impact of the price mix to continue in that vain, helping the group to continue to improve its main financial ratios.
However, the Champagne producer added that it expects a slowdown in volume growth in the second half, particularly because shipments to the Japanese market are expected to slow down, it said.
The company said that its Laurent-Perrier brand had experienced the most dynamic growth amongst its portfolio of brands, with its weight in the total sales up by more than five points compared to 2006-2007. This had occurred through the development of export and in particular, shipments to Japan.
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