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FRANCE: Strong euro hits Laurent-Perrier

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The Champagne producer Laurent-Perrier saw its revenue fall 0.3% in the first quarter. The company blamed the impact of the strong euro and a drop in wholesale deliveries.

Revenue for April-June reached €33.3m, compared to €33.4m in the same period a year earlier.

The company said "the less favorable economic environment in France and exchange rates affecting exports should have an impact on Laurent-Perrier's business."

No full year predictions were given but Laurent-Perrier said it was "preparing for the future with carefully selected investments made possible by the excellence of the foundations of the business."


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