“Analysis of the second-quarter performance shows that the Group’s volume sales, driven by the French market in particular, advanced faster than the market average,” said Stéphane Tsassis, chairman of the management board. “This performance reflects the major competitive advantage of owning a portfolio of complementary brands at a time when the economic climate is still extremely difficult.
“While we’re seeing encouraging signs as we move into the third quarter, we’re convinced that the efforts deployed to take us through this crisis will help us achieve our mid-term profitability targets, as we will head into the next growth phase with an optimised cost structure and production base. By strengthening our global coverage, we will benefit from the upturn as it gathers pace on each market.”
Source: Laurent-Perrier
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