Laurent-Perrier Group Reports Steady Growth in FY 2023-2024

The Laurent-Perrier Group has reported its financial results for the year ending 31 March 2024. Approved by the Management and Supervisory Boards, the results show continued growth underpinned by the quality of its Champagnes and strategic investments.

Key financial highlights include a 1.5% increase in group turnover to €312.5 million and a 12% rise in operating profit to €95.1 million. Despite a global champagne market decline of 11.8%, champagne sales grew by 0.5% to €303.5 million, bolstered by a positive price/mix effect of 13.0%.

Investments in brand support and business development played a significant role in these results, contributing to a record 31.3% operating margin and a net profit of €63.6 million, up 8.7% from the previous year.

Though operating cash flow decreased to €0.9 million, the Group's financial structure remains solid, with shareholders' equity at €597.6 million and net debt at €191.6 million.

Looking ahead, Laurent-Perrier intends to navigate economic uncertainties with a focus on high-quality Champagnes, a strong brand portfolio, and well-controlled distribution.