Report
Fatma Agnès Hamdani

Laurent-Perrier : Une meilleure résilience du groupe est anticipée. Achat réitéré

>Un marché en retrait de 2% dont -6% en France à fin septembre 2019 - Selon le CIVC, les expéditions globales du champagne sont en retrait d’environ 2% sur les neufs premiers mois de l’année. Cette baisse est cependant plus importante, si on exclut les expéditions destinées à la constitution de stocks de précaution au RU et États-Unis en raison du Brexit (reporté à trois reprises) et des hausses des tarifs douaniers aux USA qui ont pour le moment épargné le champagne....
Underlying
Laurent-Perrier SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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