Laurent-Perrier : After an atypical 2020-21, margin growth in 2021-22 will be challenging but justified
>Confirmation of the upturn in champagne market since March - The 25% fall in champagne volumes reflects notably a sharp decline in France and other European tourist markets where the group is more particularly exposed to the on-trade circuit. In the UK and the US, the decline was less marked and the group gained market share in these regions. The price mix of 5.8% is based on a price effect but also a mix effect linked to the good resilience of the upmarket Laurent-...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.
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