Laurent-Perrier : 2018-19 EBIT forecast up slightly, penalised by the fall in volumes in H2 in the UK
>Still more favourably positioned to harness the market trend - Laurent-Perrier is pursuing its value strategy by reducing notably its lower value volumes to focus on its higher-margin champagne brands. Despite uncertainty in the short term (Brexit, trade war, etc.), the group appears fundamentally better positioned, in our view, than its midcap peers to benefit from the structural trend in the champagne market, now with a more premium and international dimension. Wit...Laurent-Perrier is a holding company. Through its subsidiaries, Co. is engaged in the production and distribution of champagne. Its products are sold through four main brands, which are Laurent-Perrier, Salon, Delamotte and Champagne de Castellane. Co.'s vineyards are held either directly by Co. or jointly with other growers through various real-estate companies. Co. organizes its business activities under three different types of legal entities: Champagne houses, Distribution subsidiaries, and Vineyards. For most of its export markets, Co.'s products are sold through specialized distribution networks such as cafes, hotels and restaurants, wine merchants and direct sales.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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