Laurent-Perrier: Financial Press Release - Results for the first six months of the 2025-2026 financial year

Core Insights - The Laurent-Perrier Group reported revenue growth of 1.5% for the first half of the 2025-2026 financial year, despite a slight decline in net profit by 8.7% [1][3][8] Financial Performance - Champagne sales increased to €133.3 million, reflecting a 3.5% rise compared to the previous financial year [3][6][15] - Group revenue reached €134 million, up from €132 million in the same period last year [3][6] - Operating profit decreased to €36.6 million, down 5.7% from €38.8 million [3][8] - The operating margin fell to 27.5%, a decline of 2.6 percentage points from the previous year [3][8] - Net profit attributable to the Group was €23.1 million, representing 17.2% of consolidated revenue [8] Market Context - The overall champagne market experienced a volume decline of 1.5%, while the Group's sales volumes increased by 2.6% [4][5] - The price-mix effect contributed positively with an increase of 1.6% over the half-year [5][15] Cash Flow and Financial Structure - Operating cash flow improved significantly to -€4.7 million from -€39.2 million in the previous year [9] - The Group's equity attributable to shareholders rose to €640.4 million, while net debt decreased to €236.8 million [10][16] - The gearing ratio remained stable at 0.37, indicating a strong financial position [10] Strategic Outlook - The Group continues to focus on a value-driven strategy, emphasizing brand quality and controlled distribution [4][11] - The geopolitical and economic environment poses challenges, necessitating caution in future projections [11]