Tours-sur-Marne, February 12, 2015
The Laurent-Perrier Group generated turnover of €95.3 million in the third quarter ending December 31, 2014, up 7.5% on the same period in the previous year. Adjusted for foreign currency effects, the increase in activity comes out at 6.1%.
Shipments rose by 2.6% during the period on the strength of the Group's resilient activity in France and Europe (Belgium in particular) and to the continued strength of key export markets in Asia (Japan, especially) and Africa.
In the first nine months of the financial year, Laurent-Perrier Group turnover stood at €189.8 million, a rise of 6.1% at current exchange rates, and of 4.8% at like-for-like exchange rates.
The cumulative volume effect thus turned positive, at 0.3% (compared with -4.7% in the first nine months of 2013-2014) despite the adverse impact of purchasing the stock of the Group's former Italian distributor in the first half. Value indicators are also upbeat, with the share of premium champagnes in Laurent-Perrier brand turnover again above 37% and an export ratio of 76%.
Outlook
Following very sustained third-quarter activity, especially in export markets, the fourth quarter could see a slight drop compared to the same period last year, when turnover received a boost from the release of the latest Salon vintage. Given the performance achieved in the first nine months, the Laurent-Perrier Group is confident in its ability to post activity growth in its 2014-2015 financial year.
| 2014-2015 | H1 | Q3 | 9 months |
| April 1 - September 30 | October 1 - December 31 | April 1 - December 31 | |
| Turnover (€m) | 94.4 | 95.3 | 189.8 |
| Change on Y-1 | 4.8% | 7.5% | 6.1% |
| Of which | |||
| Volume effect | -1.9% | 2.6% | 0.3% |
| Price/mix effect | 5.6% | 3.5% | 4.5% |
| Currency effect | 1.1% | 1.4% | 1.3% |
Laurent-Perrier is one of the few champagne houses listed on the French stock exchange dedicated exclusively to champagne and focused on the premium segment. Laurent-Perrier offers a broad range of products renowned for their quality, and sold under the Laurent-Perrier, Salon, Delamotte, and Champagne de Castellane brands.
| Code ISIN: FR 0006864484 Bloomberg: LAUR FP Reuters: LPER.PA | Laurent-Perrier belongs to compartment B of Enter Next. It is part of the CAC Mid & Small, CAC Small, CAC All-Tradable and EnterNext PEA-PME 150 indices |
| Philippe LEBANNIER Chief Financial Officer +33 (0)3.26.58.91.22 | |
| www.finance-groupelp.com | |
Provisional financial calendar
| Annual results for the year ending March 31, 2015: | Thursday, May 28, 2015 |
DOMAINE LAURENT-PERRIER - 51150 TOURS-SUR-MARNE - FRANCE
TEL : 33 (0) 3 26 58 91 22 - FAX : 33 (0) 3 26 58 77 29
LAURENT-PERRIER, S.A. A DIRECTOIRE ET CONSEIL DE SURVEILLANCE AU CAPITAL DE 22 594 271,80 EUROS
R.C.S. REIMS B 335680096 - SIRET 335 680 096 00021 - APE 6420Z
CHAMPAGNE LAURENT-PERRIER - CHAMPAGNE SALON - CHAMPAGNE DELAMOTTE - CHAMPAGNE DE CASTELLANE
