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FRANCE: Laurent-Perrier Champagne fizzes in H1

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  • Half-year net profits triple to EUR9.5m (US$12.8m)
  • Net sales up by 13.3% to EUR92m
  • Operating profits double to EUR19.89m
  • Strong export demand for Champagne drives group forward 

Laurent-Perrier has continued on an upward curve during the first six months of its new fiscal year, driven by strong demand for its namesake Champagne in the US and Japan.

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Laurent-Perrier net sales rose by 13.3% for the six months to the end of September, to EUR92m (US$123.7m), outperforming France's Champagne sector over the same period, it said yesterday (30 November). By comparison, the group's volume sales rose by 5.8% over the half-year, which will provide some relief to industry concerns that pricing has struggled to recover from the global economic crash in 2008.  

The strong sales carried through Laurent-Perrier accounts. Operating profits doubled on the same period of last year, to EUR19.89m, with net profits tripling, up by 221% to EUR9.5m. The results confirmed good momentum at Laurent-Perrier, cycling a 75% jump in net profits and a 23% rise in sales in the first half of the group's previous year.

To view the company announcement, click here.  


Sectors: Company results, Wine

Companies: Perrier

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