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FRANCE: Michel Laroche turnover up in Q1

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The French wine company Michel Laroche has reported turnover of €16.9m (US$19.9m) in its first quarter, an increase of 14.3% compared to the same period last year.

Despite the negative effects of the exchange rate and a fall in consumption, the company's Chablis operations still registered a 1.3% increase in turnover to €10.4m.

In the Languedoc operations contributed €5.3m to the total turnover, up 32.8%. The company attributed the success to its Mas la Chevaliere subsidiary and the success of its product range.

Abroad the group's Chilean subsidiary generated €150,000 in turnover, in line wth Michel Laroche's expectations.


Sectors: Wine

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