Laurent-Perrier supported by very solid half-year results

(AOF) – After Rémy Cointreau yesterday, it was Laurent Perrier who favorably surprised investors on Friday. The Champagne House earns 1% to 100 euros in a market environment that does not lend itself to the festivities. The independent group has unveiled its 2021-2022 half-year results, which have grown strongly thanks to the gradual lifting of health measures and the gradual reopening of places of consumption around the world.

Over the six-month period ended at the end of September, the Champagne company achieved a net profit of 23.3 million euros, up 207.2%. Compared to the first half of 2019-2020, i.e. before the pandemic, the increase reached 112.4%. Operating income jumped 144.9% to 35.6 million, showing a margin of 27.8%, up 7.3 points.

Turnover rose 80.5% to 128.5 million euros. Compared to the first half of 2019-2020, it shows a gain of 29.6%.

The group experienced strong dynamism in volume sales of + 84.9% compared to fiscal year 2020-2021 and + 18.9% compared to fiscal year 2019-2020.

During the period from April 1 to September 30, 2021, the global champagne market recorded a very clear increase in its volumes shipped, reaching + 57.9% compared to fiscal year 2020-2021 and + 14.1% in comparison for the 2019-2020 fiscal year.

Commenting on the half-year results, Stéphane Dalyac, Chairman of the Management Board, said:

“In a context of global economic recovery contributing to the revival of Champagne shipments, Laurent-Perrier recorded a strong increase in its half-year results. This strong increase is partly supported by the exceptional nature of the replenishment of stocks of our customers around the world. , by the upturn in consumption and by the efforts made for several years on the group’s value policy “.

In a business environment that still remains uncertain due to the persistence of the health risk around the world, and the partly exceptional nature of the recovery recorded in recent months, the group specifies that the published results for the first half cannot be extrapolated to its entire 2021-2022 fiscal year.