(Boursier.com) — In limited volumes, Laurent Perrier rose 3.6% to 98.6 euros, investors welcoming the solid annual results of the champagne house. Oddo BHF (‘outperforming’) speaks of accounts exceeding expectations while the message on the outlook is more cautious: “in the face of the uncertainties arising from the conflict in Ukraine, the inflationary tensions and the monetary policies which result from it and all call for a lot of caution, the Laurent-Perrier Group is vigilantly and confidently pursuing the execution of its 2021-2025 business plan and maintaining the course of its value strategy”.
The 2021/22 results reflect the strong recovery of the champagne market, driven in particular by the international market and the good dynamic of high-end cuvées, two niches in which the Laurent-Perrier group is well positioned, explains the analyst. During the results presentation meeting scheduled for today, the broker will be attentive to management’s comments on, in particular, the amount of the dividend that will be proposed at the next AGM, the evolution of cost inflation, an overview of the development of the champagne since the beginning of the financial year, an update on the state of stocks and the financial structure…
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