Laurent-Perrier: FY earnings down 11.5%
(CercleFinance.com) - Laurent-Perrier has published FY 2017-18 net income, group share, that is down 11.
5% at 20.6 million euros, with an operating margin (excluding FX factors) of 18.0%, which inched up 0.2 points.
In a context of stable champagne market (-0.2%), revenues fell by 2.1% to 225.7 million euros. In organic terms (excluding the impact of FX factors and third-party activities), the margin was up +0.7%, with a very strong price/mix effect.
Regarding its outlook 2018-19, the champagne group intends to continue to consolidate its growth plan, mainly focusing on its flagship brand Laurent-Perrier, and on its upmarket vintages and international sales.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% at 20.6 million euros, with an operating margin (excluding FX factors) of 18.0%, which inched up 0.2 points.
In a context of stable champagne market (-0.2%), revenues fell by 2.1% to 225.7 million euros. In organic terms (excluding the impact of FX factors and third-party activities), the margin was up +0.7%, with a very strong price/mix effect.
Regarding its outlook 2018-19, the champagne group intends to continue to consolidate its growth plan, mainly focusing on its flagship brand Laurent-Perrier, and on its upmarket vintages and international sales.
Copyright (c) 2018 CercleFinance.com. All rights reserved.