• H1 net profits jump 28% to EUR10.4m (US$12.8m)
  • Net sales up 5% to EUR94.4m
  • Operating profits increase 15% to EUR19.7m
Laurent-Perrier has enjoyed a strong start to the fiscal year

Laurent-Perrier has enjoyed a strong start to the fiscal year

Laurent-Perrier has continued its strong start to the fiscal year as profits and sales climbed on demand from outside Europe and the performance of its Salon brand.

Net profits jumped by 28% to EUR10.4m (US$12.8m) in the six months to the end of September, the Champagne house said. Net sales were up 5% to EUR94.4m while operating profits increased by 15% to EUR19.7m.

In a statement released last week, Laurent-Perrier said it had benefited from “continued strong demand in markets outside Europe” along with “high sales” for its 2002 Salon released in March.

In July, the company highlighted the same two drivers for a strong performance in Q1, when sales increased by 9%.  

On the first-half results, chairman Stéphane Dalyac said: “Laurent-Perrier has posted improved results in a business environment that continues to be difficult. The initiatives taken in the first six months in terms of grape supplies and international distribution will strengthen the group’s value-driven strategy and development capability in the medium term.”

In full-year results, reported in June, the company saw a 7% rise in net profits, but sales slipped 1%.

Looking ahead, Laurent-Perrier said it intends to continue targeting demand in non-European markets.