The Management board

Alexandra <br />Pereyre <br />De Nonancourt Alexandra
Pereyre
De Nonancourt
Stéphanie <br />Meneux <br />De Nonancourt Stéphanie
Meneux
De Nonancourt
Stéphane <br />Dalyac Stéphane
Dalyac

The Laurent-Perrier Group continues to grow its results, supported by the recognized quality of its wines and brands.

The financial year 2023-2024 was marked by the highest results in the Group's history. They are being driven by long-term value policy in a market that is now being affected by two recent and important factors: inflation- suppressed consumption and clients paying close attention to the impact of interest rates on the stocks that they hold.

Sales in value remained stable compared to last year, with price and mix effects compensating the observed decrease in volumes.

This ability to maintain sales in value is a direct result of our value policy. It is based first and foremost on the very high quality of our wines, and on the growing strength of our brands.

This value was rewarded in May 2024 by the granting of the Royal Warrant by King Charles III.

Laurent-Perrier is the first Champagne brand to be honoured with this title which recognizes both the quality of our wines and the environmental commitments in viticulture and winemaking taken by the Group for many years already. We are all very proud and honoured by such a prestigious recognition.

The Group's turnover (champagne sales) for the year was €303.5 million.

The Group's operating margin was 31.3% at current exchange rates. The Group share of net profit also increased significantly. It amounts to €63.6 million at current exchange rates and thus represents 20.3% of the Group's consolidated turnover.

The elements of the consolidated balance sheet that ended on 31 March 2024 once again demonstrate the strength of the Group's financial

structure. Shareholders' equity, Group share, stood at €597.6 million and the net debt was at €191.6 million, including cash flow of €51.2 million.

Factors that negatively affected the market in 2023 accelerated in the first three months of 2024. They call for increased vigilance. The Group is strong and well equipped to face this decline, which Champagne and the Group will overcome.

In this difficult economic and geopolitical context, the Group will maintain its value policy by focusing on the quality of its wines, a quality sourcing based on long-term partnership policy, a continuous strengthening of its brands, a controlled global distribution, and finally an agility facing the constantly changing environment.

Stéphane DALYAC
Chairman of the Board

The supervisory board

The Laurent-Perrier Group, under the authority of the President of the Executive Board, Mr. Stéphane Dalyac, has registered a record performance in a declining market in volume terms.

This performance is supported by the efforts undertaken for several years by the Group on the quality of its wines and its value policy.
This strategy has enabled the company to maintain market share in key countries and to grow in value. Thus, the Laurent-Perrier Group has reached an all-time high in terms of turnover and operating results.

Against this uncertain geopolitical and economic background, the 2024/2025 financial year should be approached with vigilance. The Laurent-Perrier Group will continue to invest in the quality of its wines, its people and the support of its brands, all over the world.
The Supervisory Board is convinced that the Laurent-Perrier Group has the best assets to succeed and continue its growth.

Patrick THOMAS
Chairman of the Supervisory Board

<strong>Patrick THOMAS</strong> <br />Chairman.
Patrick THOMAS
Chairman.
<strong>Marie CHEVAL</strong> <br />Vice-Chairman.
Marie CHEVAL
Vice-Chairman.
<strong>Yann DUCHESNE</strong> <br />Chairman of the Audit and Financial Communication Committee.
Yann DUCHESNE
Chairman of the Audit and Financial Communication Committee.
<strong>Jocelyne VASSOILLE</strong> <br />
Jocelyne VASSOILLE
<strong>Jean-Louis PEREYRE</strong>.
Jean-Louis PEREYRE.
<strong>Lucie PEREYRE de NONANCOURT</strong>.
Lucie PEREYRE de NONANCOURT.
<strong>Eric MENEUX</strong>.
Eric MENEUX.
<strong>Philippe-Loïc JACOB</strong> <br />Chairman of the CSR Committee.
Philippe-Loïc JACOB
Chairman of the CSR Committee.

Financial ratios

Cash Flow
from operations

Debt

Operating account

*Funds from operations minus net investment.

Balance sheet summary

*Including contingencies and loss provision and deferred tax.
**Net debt = financial debts - cash assets

Stock Market

Ever since it was listed on the stock exchange, Laurent-Perrier has maintened close relations with its shareholders via:

A financial website at
www.finance-groupelp.com

Two newsletters mailed,
each year to all shareholders

A team available
Tel: +33 (0)3 26 58 91 22.

Stock market data at 31st of March, 2024

  • Nominal share price: € 3.80
  • Shares in circulation: 5,945,861
  • Share price as of 31st of March 2024: € 120.50
  • Market capitalization € 716,476,250.50
  • ISIN code: FR0006864484
  • Dividend: € 2.00 (last dividend paid in July 2023)

Capital structure

  • Family: 65.17%
  • Treasury shares: 0.47%
  • Employees: 0.68%
  • Registered institutionals: 0.27%
  • Others 33.41%

To consult the 2023 - 2024 Reference document,
go to finance-groupelp.fr

Written and published by Laurent-Perrier. Design and Layout by agence Bronx.
Photo Credits: Leif Carlsson, Franck Hamel, Isabelle Harsin, Christopher Jenney, Michel Jolyot, Vincent Junier, Photothèque Laurent-Perrier, José Lozano, Agence Luma, Iris Velghe, Agence Weston Mills.