Laurent-Perrier publishes a biannual operating income decreased by 26.3% but said its goals of maintaining growth and profitability "medium term."
Operating income for the group specializes in wine champagne stood at 23.81 million euros over the first six months of its fiscal year 2008-2009, representing a margin of 28%, while its net profit decreased by 35.3% to 11.13 million.
In a statement, Laurent-Perrier stresses that its expenses have increased by almost 13% over the period, "primarily due to higher interest rates and increased indebtedness."
"Net debt increased by 33.7 million euros compared with the corresponding period of last year. A 293 million, it represents about 80% of credit lines obtained and reached 131% equity 125% against a year earlier. "
Commenting on the outlook for the current year, the company notes that "in the current context of high economic uncertainty, and if the current trend continues," it feels "to reach a turnover of more than 200 million. "
"On this basis, the operating margin could be between 21% and 23% at constant exchange rates comparable to those of the first half."
Yves Dumont, chairman of the board, added: "The strength of our financial structure gives us the means to keep our focus on our objectives of growth and profitability in the medium term. All group teams have mobilized to achieve them."
Laurent Perrier was published on November 13 its semi-annual turnover, down 26%.
In addition to the Champagne Laurent-Perrier, the group owned homes Salon, Demamotte and Champagne de Castellane.
Operating income for the group specializes in wine champagne stood at 23.81 million euros over the first six months of its fiscal year 2008-2009, representing a margin of 28%, while its net profit decreased by 35.3% to 11.13 million.
In a statement, Laurent-Perrier stresses that its expenses have increased by almost 13% over the period, "primarily due to higher interest rates and increased indebtedness."
"Net debt increased by 33.7 million euros compared with the corresponding period of last year. A 293 million, it represents about 80% of credit lines obtained and reached 131% equity 125% against a year earlier. "
Commenting on the outlook for the current year, the company notes that "in the current context of high economic uncertainty, and if the current trend continues," it feels "to reach a turnover of more than 200 million. "
"On this basis, the operating margin could be between 21% and 23% at constant exchange rates comparable to those of the first half."
Yves Dumont, chairman of the board, added: "The strength of our financial structure gives us the means to keep our focus on our objectives of growth and profitability in the medium term. All group teams have mobilized to achieve them."
Laurent Perrier was published on November 13 its semi-annual turnover, down 26%.
In addition to the Champagne Laurent-Perrier, the group owned homes Salon, Demamotte and Champagne de Castellane.
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