FRANCE: Profits follow sales northwards at Laurent-Perrier

By | 27 November 2007

Laurent-Perrier has posted a marked rise in operating profit for its first half.

The French Champagne group said late last week that current operating income for the six months to the end of September climbed by 28.4% on the corresponding period a year earlier, coming in at EUR32.3m (US$48m). Net attributable profit for the period also rose, by 32% to EUR17.2m.

Earlier this month, Laurent-Perrier said that sales in the period increased by 15% to EUR115.4m, thanks in part to rising export sales, particularly to Japan.

"For the third year in a row, the price/mix effect has grown substantially, in line with our expectations," said chairman Yves Dumont. "Comforted by the quality and regularity of our results, we will continue to improve our knowledge of the expectations and habits of consumers in the luxury sector, while investing in developing the awareness of the Laurent-Perrier brand among this target audience.

"We remain convinced that in favouring qualitative and controlled development, we will be able to make the most of our growth potential in the medium term."

Looking forward, the group said it believes the Champagne market should continue to grow in the second half of its fiscal year, although "this strong development risks creating market tensions". Volume growth is forecast to slow in the next six months.

Sectors: Wine

Companies: Perrier

View next/previous articles

Currently reading -

FRANCE: Profits follow sales northwards at Laurent-Perrier

There are currently no comments on this article

Be the first to comment on this article

Related articles

FRANCE: Nestle drops Perrier Fluo in favour of Le Mix

Nestle Waters France is to halt production of its youth-oriented Perrier Fluo range in the wake of weak sales and replace it with a more sober sparkling water range called Perrier Mix.

Champagne faces down critics and plans for growth

A delimited production area is both the main strength and weakness of a wine appellation, a guarantee of quality but a major obstacle to growth. Plans in Champagne, arguably the premier appellation of them all, to expand its production area have drawn severe criticism but Richard Woodard believes the criticism to be unfounded and borne at least in part out of envy.

UK: Switch for Perrier Jouet UK brand manager

Pernod Ricard has confirmed a change of senior brand manager for Champagne Perrier-Jouët in the UK.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page