With the global champagne market down 1.3% by volume in the 12 months ended March 31, turnover from champagne sales reached 234.1 million euros at constant exchange rates, a variation of +3.7% relative to the previous financial year. Excluding currency effects, the figure was 234.0 million euros.
This performance is largely due to the robust price/mix effect of +3.8%.
In line with the Group’s value-driven strategy in place for several years now, the Laurent-Perrier brand continues to strengthen its position with an ever-growing share of turnover generated outside France and a further improvement in the contribution to sales of premium cuvées.
Commenting on the results, Management Board Chairman Stéphane Dalyac said:
“In a market down by volume and a still uncertain environment, Laurent-Perrier has recorded an increase in its turnover and a further improvement in its profitability, while continuing to invest more in brand identity, largely thanks to a further very positive price/mix effect. Relying as ever on the quality of its champagnes, the strength of its brands and the energy and motivation of its people, along with its ability to innovate, the Group has restated its determination to stay on its growth strategy course.”