FRANCE: Laurent-Perrier FY profits drop, but non-Europe sales positive
By James Wilmore | 3 June 2013
- Full-year net profits fall 6.9% to EUR20.2m (US$26.3m)
- Net sales up 1.9% to EUR222.9m
- Operating profits drop 10.4% to EUR40m
- Group expects to benefit from demand outside Europe
 |
The group has seen FY profits down |
Champagne house Laurent-Perrier has seen a slight rise in full-year sales due to demand outside Europe, but profits have dropped.
Net profits in the 12 months to the end of March fell by 6.9% to EUR20.2m (US$26.3m), the group said last week. Sales in the period edged up by 1.9% to EUR222.9m.
Operating profits came in at EUR40m, down 10.4% on the prior year.
The company said its sales were helped by "increased international exposure" for the Laurent-Perrier brand, meaning sales grew outside Europe. Exports are now a record 75.1% share of the group's revenue, it said.
Laurent-Perrier had reported a tough Q3 earlier this year.
Looking ahead, the company said in statement: "Over the coming months, the group should continue to benefit from upbeat demand outside Europe, while European markets are likely to remain difficult."
Expert analysis
Global market review of Champagne – forecasts to 2016
Some of the issues and challenges addressed in the previous edition of just-drinks' Champagne report continue to influence a category struggling to grow. Recovery from economic downturn and tumbling sales was evidenced in 2010 and part way through 2011, only to be replaced with a further slow down at the end of that year and continuing into 2012. This has been more prevalent in the western European countries. Elsewhere there has been better sales performance, noteably in the US and Japan, significantly in Australia and not forgetting the burgeoning economies of Asia and Greater China. However, even these new markets can only go part way to offset the situation in the more mature markets, to such an extent that total Champagne shipments are expected to rise only slightly during 2012. According to the report, pronounced growth is unlikely until 2015.|
Sectors: Wine
Companies: Perrier
View next/previous articles
3 Jun 2013 -
Currently reading -
FRANCE: Laurent-Perrier FY profits drop, but non-Europe sales positive
3 Jun 2013 -
Related research
Global market review of Champagne – forecasts to 2016
Some of the issues and challenges addressed in the previous edition of just-drinks' Champagne report continue to influence a category struggling to grow. Recovery from economic downturn and tumbling sales was evidenced in 2010 and part way through 20...
2013 Bottled Water in the U.S.
Beverage Marketing's definitive report on the second largest beverage category by volume considers every aspect of this resilient category and its competitive circumstances. Its detailed analysis covers regional and state markets as well as packaging...
Bottled water consumption in Colombia was, before 2012, importantly based on a fundamental need and convenience (except for niche-oriented carbonated natural mineral bottled water brands such as Perrier and S Pellegrino) more than on a demand for add...
Related articles
Comment - Soft Drinks & Water - Coca-Cola Co Goes For Dasani Fizz
Following recent reports that PepsiCo is planning to launch a premium water brand in the US, Ray Rowlands of Drinksinfo Ltd takes a look at what arch rival Coca-Cola Co is up to in the country's bottled water market.
Focus - Pernod Ricard's Q1 Performance by Region, Brand
Earlier today (24 October), Pernod Ricard released its sales and volumes figures for the 2013-14 first quarter. Here's a closer look at the company's performance in the three months to the end of September by region and brand.
SWITZ: Nestlé Waters nine-month sales stay stable as Europe recovers
Nestlé's Waters unit has reported a slight rise in nine-month sales as its Latin America and Asia regions performed strongly, Europe improved and North America held steady.
There are currently no comments on this article
Be the first to comment on this article