2022-2023
year

In a growing market, the Laurent-Perrier Group records a further increase in its results.

The financial year 2022-2023 marks a further increase in the Laurent-Perrier Group's results. This performance is supported by a favourable global economic situation and by the efforts the Group has been making for several years on its value policy. The Group has continued to make significant long-term investments, by continuing to rely on its brands and the quality of its wines.

Throughout the year, sales of the Laurent-Perrier brand continued to grow both in volume and in value. As for the Group turnover (champagne sales) for the year, it came to €301.8 million. The Group's operating margin was 28.1% at current exchange rates. The Group share of net profit also rose significantly. It stands at €58.4 million at current exchange rates and thus represents 19.4% of the Group's consolidated turnover. Operating cash flow was a strong €57.8 million for the year. This performance is linked to the growth of the business and to the control of working capital requirements. The consolidated balance sheet for the year ended 31 March 2023 once again demonstrates the strength of the Group's financial structure. Shareholders' equity, Group share, stood at €544.7 million, while net debt was at a historically low level of €179.9 million, including cash flow of €105.7 million.

Despite an uncertain geopolitical and economic context, the Laurent-Perrier Group continues to pursue its 2021-2025 business plan with vigilance and confidence, and remains on course with its value strategy, which is based on 4 pillars:
- A unique business: production and sale of top-of-the-range Champagne wines
- Quality sourcing based on partnership policy
- A portfolio of strong, complementary brands
- Well-managed worldwide distribution.

Stéphane DALYAC
Chairman of the Board