Laurent-Perrier : Uncertainty on H2 but strengths to rebound after the health crisis
>Decline in H1 EBIT mitigated by rigorous cost management - Laurent-Perrier H1 2020-21 sales, down -28.2% to € 71.2m, reflect a marked -42% decline in sales in Q1 followed by an improvement in Q2 to -18%. The change in the price mix of champagne of +7.5%, above all reflects the good resilience of the high-end brands (Cuvée Rosé, Grand Siècle, Blanc de Blanc, etc.) on the group’s key markets like the US, UK and Japan and, to a lesser extent, a revaluation of prices con...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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