Financial Results for Laurent-Perrier Group for the Financial Year 2023-2024
Laurent-Perrier Group, a renowned champagne house based in Tours-sur-Marne, has recently released its financial results for the 2023-2024 financial year. The results showcase further growth in earnings, underpinned by the recognized quality of their products.
Despite a challenging market context with a decline in the global champagne market volume, Laurent-Perrier Group managed to increase its champagne sales by 0.5% to €303.5 million. This growth was attributed to the value policy implemented in recent years, resulting in a positive price/mix effect of +13.0% compared to the previous year.
The Group’s operating profit also saw a significant increase of 12.0%, reaching €95.1 million, with an operating margin of 31.3%. The net profit attributable to the Group share rose by 8.7% to €63.6 million, representing 20.3% of the Group’s turnover.
Despite the challenges faced during the financial year, Laurent-Perrier Group continued to invest in long-term brand support and business development, which contributed to the strength of their brands and the positive financial results. The Group’s financial structure remained solid, with shareholders’ equity amounting to €597.6 million and net debt standing at €191.6 million.
Looking ahead, Laurent-Perrier Group remains confident in its business plan and value strategy, focusing on the creation and marketing of exceptional Champagnes, a portfolio of renowned brands, quality sourcing, and well-controlled distribution. As one of the rare family-owned champagne houses listed on the stock market, Laurent-Perrier Group is dedicated to the high-end market and is known for its quality products under brands like Laurent-Perrier, Salon, Delamotte, and Champagne de Castellane.
Investors and champagne enthusiasts can stay updated on Laurent-Perrier Group’s financial performance through their financial website. The Group’s commitment to excellence and quality in every aspect of their business positions them for continued success in the competitive champagne market.
In conclusion, Laurent-Perrier Group’s financial results for the 2023-2024 financial year reflect their resilience, commitment to quality, and strategic vision for the future. As they navigate through economic uncertainties, the Group’s focus on excellence and innovation will continue to drive their growth and success in the champagne industry.
