Laurent-Perrier : H1 expected to be somewhat resilient thanks to price adjustments
>The champagne market is broadly depressed in volumes but less in value - After two years of euphoria, the champagne market is tending to normalise. According to the provisional data of the champagne committee, shipments have fallen by 8.3% since the start of the year and 8.8% over 12 months, to 307.9m bottles. This can be explained by the quotas for some champagne houses (including Laurent-Perrier) and destocking related to the inflationary context and decline in 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.
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.
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