Laurent-Perrier has seen annual sales of its Champagne increase, bouncing back from last year’s decline.
In its annual results released today (29 May) for the period ended 31 March, the group saw Champagne sales rise 4.2% on the year prior to €294.8m ($343.2m)
Laurent-Perrier’s group revenue also increased year-on-year by 3.18% to €303.8m. Operating profit was up 2.24% at €76.1m, while net income “attributable to the group” rose 4.52% to €49.5m, making up 16.3% of the company’s consolidated revenue. Laurent-Perrier last saw growth in its Champagne sales in its 2023-2024 annual results.
For that period, however, the level of growth was lower, with sales inching up 0.5%, albeit to a higher value of €303.5m. Current volumes for the year ended this March increased 3.8%, the group said, though it did not disclose to what level. It added that the global Champagne market saw volumes dip 1.6%.