(CercleFinance.com) – Oddo BHF reiterates its ‘outperformance’ opinion and its target price of 108 euros on Laurent-Perrier, after the publication by the champagne house of annual results showing strong growth and exceeding expectations.
“Unsurprisingly, 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 group is well positioned”, underlines the analyst.
The design office nevertheless points from Laurent-Perrier, a “message of caution for the outlook after an exceptional exercise”, in view of the inflationary environment and the geopolitical context.
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