Up 17.3% of sales of Laurent-Perrier with the export
Laurent-Perrier announces increase of 17.3% of its turnover in the first quarter of fiscal 2010-2011, the group enjoying champagne strong exports to the United Kingdom, the United States, the Germany and Asia.
The turnover in Q1 (April 1-June 30) reached 36.8 million euros against 31.4 million a year earlier.
The export sales have reached 69.5% of sales of the brand, a gain of 6.7 points compared to first quarter of last year.
"If it confirms the recovery in demand, growth in volumes in the first quarter should not be extrapolated over the whole year," the company said in a statement, adding nevertheless that the price / mix should gradually recover in coming quarters.
The group generates a significant portion of its revenues in the third quarter (October-December), corresponding to the festive season to season.
The results of the first half ended September 30, 2010 will be published on 1 December 2010.
The stock has increased by 24.4% since the beginning of the year, after declining 8.5% in 2009. It has a market capitalization of 400 million euros.