Laurent-Perrier : Fundamentals underpinned but uncertainty on volume trends in the short term
>Positive trend on the mix and sales in Europe in H2 - For FY 2023-24, the organic growth of 0.6% reflects the 12.4% decline in volumes, offset by a price mix of 13%. The price mix in H2 was +15.7% (vs 9.6% in H1 2023-24 and H2 2022-23) reflecting the price hikes introduced internationally but also the favourable momentum on the product mix. Media investments, namely with the advertising campaign for the Grand Siècle cuvée appear to have paid off. Sales for the high-e...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.