(News Bulletin 247) – The accounts for the 2022-2023 financial year, ending March 31, 2023, have been approved. Laurent-Perrier announces a further increase in its results.

Turnover for the year increased by +3.1% to stand at 301.8 million euros at current exchange rates. This performance is based in particular on the value policy of the Group implemented in recent years with a positive price/mix effect of +9.5%.

The Group’s operating margin rate reached a record 28.1% at current exchange rates. The net result also recorded a marked increase. It stands at 58.5 million euros at current exchange rates and thus represents 19.4% of the Group’s consolidated sales.

Despite an uncertain geopolitical and economic context, the Group continues to execute its 2021-2025 business plan and maintains the course of its value strategy ‘still relying on the quality of its Champagne wines, the quality of its teams, the strength of its brands and the control of its distribution’, emphasizes Stéphane Dalyac, Chairman of the Management Board.

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