Laurent-Perrier : H1 2020-21 results expected to be down strongly
>Sales expected to be down 33% l-f-l and underlying operating profit down 52% - Laurent-Perrier is due to report its interim results on 27 November before the start of trading. The group is likely to be heavily penalised by the pandemic, particularly in Q1 (April-June), a period that was affected by the first lockdown and the closure of CHR (cafés, hotels and restaurants) circuits on its main European markets and in the US. We expect H1 sales to be down 32.9% to ...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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