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FRANCE: Strong first half for Laurent-Perrier

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Laurent-Perrier has posted an impressive rise in first-half net profit.

The Champagne producer said on Wednesday (30 November) that net profit for the six months to 30 September was up by 36.4% year-on-year reaching EUR8.9m (US$10.4m). The increase, based on a climb in sales of 13.6% to EUR90.7m, was credited to a sharp increase in volumes of 10.9% and in average sale price of 3%, as well as tight cost controls.

Despite a slight contraction in the overall Champagne market, sales of the group's major brands benefited from larger volumes, Laurent-Perrier added.

Laurent-Perrier said it expected full-year growth to come in at between EUR200m and EUR250m. "Although the net result was initially forecast to remain stable, it is thus now anticipating an improvement of 5-10%," The company said.


Sectors: Wine

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