LANSON-BCC (EPA:ALLAN) - LANSON-BCC: REVENUES FOR THE FIRST NINE MONTHS OF 2012
Transparency directive : regulatory news
07/11/2012 17:45
Click here to download pdf version
PRESS RELEASE
REVENUES FOR THE FIRST NINE MONTHS OF 2012
Reims, Wednesday November 7th, 2012 - 5:45 pm
The LANSON-BCC Group recorded 149.55 million euros in consolidated revenues for
the first nine months of 2012, down -11.7%.
Excluding the brokerage subsidiary CGV, whose activity is traditionally subject
to fluctuations, the Group's consolidated revenues dropped -6.6% to
146.80 million euros.
Revenues in million euros 2012 2011 Change (%)
(excl. CGV)
First quarter 41.4 51.9 - 20.2
Second quarter 49.5 47.4 + 4.4
Third quarter 55.9 57.9 - 3.5
Total for 9 months 146.8 157.2 - 6.6
Over the period, the global champagne wine market contracted by 5% (source:
CIVC), compared with 5% growth for the first nine months of 2011. In this
environment, LANSON-BCC recorded a 9% reduction in its sales volumes,
preferring to continue moving forward with its value strategy and achieving its
objectives for improvements in the average sales prices across all its Houses.
The volumes lost concern Burtin, a longstanding supplier for the European mass
retail sector, which, faced with a suicidal level of competition over the
period in the specific retailer brand market, chose to not respond to this.
Its strategy as a global Champagne player, built around the effective fit
between its Houses, is enabling it to maintain an active presence across all
the market segments, while focusing on adding more value to its wines; an
essential condition for its sustainable development within an Appellation
Controllée (AOC) area that is by definition limited.
It is important to remember that the fourth quarter usually accounts for around
45% of Champagne wine consumption, which means that the level of consumption at
the end of the year will be decisive. With the global economic situation
calling for a cautious approach, the LANSONBCC Group is able to confirm that it
will not be releasing any full-year forecasts for 2012. The Group is continuing
to focus on net margin rate improvement.
2012 full-year revenues will be released on Thursday February 7th, 2013 (after
close of trading).
LANSON-BCC fully owns seven Champagne Houses
- Champagne Lanson (Reims), the prestigious international brand.
- Champagne Chanoine Frères (Reims), wines intended primarily for the European
mass retail market (Chanoine brand), including the Tsarine Cuvée range.
- Champagne Boizel (Epernay), French mail-order market leader, with wines
distributed in the traditional sector for international markets.
- Maison Burtin (Epernay), a European mass retail supplier and owner of the
Besserat de Bellefon brand, distributed through traditional networks
(restaurants, wine stores).
- Champagne De Venoge (Epernay), sold on selective retail markets, notably with
its Louis XV grande cuvée.
- Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious Clos des
Goisses, with wines also available on selective retail markets as well as in
leading restaurants.
- Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard (wine sold
in traditional sectors).
Euronext Compartment B
ISIN: FR0004027068
Ticker: LAN
Reuters: LAN.PA
Bloomberg: LAN:FP
www.lanson-bcc.com
LANSON-BCC
Nicolas Roulleaux Dugage
Tel: +33 3 26 78 50 00
investisseurs@lanson-bcc.com
CALYPTUS
Cyril Combe
Tel: +33 1 53 65 68 68
cyril.combe@calyptus.net