LANSON-BCC (EPA:ALLAN) - BOIZEL CHANOINE CHAMPAGNE : 2009 FIRST-HALF REVENUES: 88 MILLION EUROS

Transparency directive : regulatory news

25/08/2009 17:45

PRESS RELEASE

              2009 FIRST-HALF REVENUES: 88 MILLION EUROS

Reims, Tuesday August 25t h, 2009 - 5:45 pm - With a second quarter that was
better than the first, the BCC Group recorded 88.4 million euros in consolidated
revenues for the first half of 2009, compared with 108.2 million euros at
June 30th, 2008, down 18.3% (17.2% at constant exchange rates). This figure
compares with a first six months of 2008 which had been particularly dynamic.

LIMITED CONTRACTION IN SALES
Set against a difficult economic environment, and a Champagne wine market in
which overall volumes are down 19.3% (-23.3% for the Champagne Houses alone, six
months 2009, source: CIVC), the BCC Group has limited the drop in its sales
volumes to -4.6%.

BCC has pragmatically continued forging ahead with its global champagne player
strategy: the Group's Houses dovetail effectively with one another, enabling it
to maintain the valued positioning of its leading Brands, without neglecting any
market segment - indeed, the entry-level brand segment was much more dynamic
over the period.

POSITIVE HALF-YEAR RESULTS
Despite a deterioration in the price mix linked to the drop in sales on export
and superior vintages, the consolidated accounts for the first half of 2009
show that profitability has held up relatively well, thanks in particular to
the effective management of costs. Nevertheless, as each year, BCC would like
to remind you that since around one third of sales are recorded over the first
half of the year, but half of fixed costs, profitability at June 30th is not
representative of full-year earnings.

EBIT came in at nearly 8.8 million euros, representing 10% of consolidated
revenues. Financial expenses have improved to -7 million euros, versus -9.2
million euros at June 30th, 2008, with the variable-rate borrowings needed to
finance inventories benefiting from the reduction in rates.

OUTLOOK
The preliminary figures for the first half of 2009 and certain signs that the
economic environment is stabilizing confirm the relevance of the BCC Group's
"pure champagne" player policy, determined to be present on all market niches
thanks to the diversity of its brands. However, as BCC has already announced,
the deterioration in the price mix will hit EBIT over the full year in 2009.

Audited and definitive earnings for the first half of 2009 will be released on
Monday September 28th, 2009, after close of trading.

                 BCC fully owns seven Champagne Houses

- Champagne Lanson (Reims), the prestigious international brand.
- Champagne Boizel (Epernay), French mail-order market leader, with wines
  distributed in the traditional sector for international markets.
- Champagne Chanoine Frères (Reims), wines intended primarily for the mass
  retail market (Chanoine brand), notably with the Tsarine grande cuvée range.
- Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious Clos des
  Goisses, with wines available on selective retail markets.
- Champagne De Venoge (Epernay), also sold on selective retail markets, notably
  with its new Louis XV grande cuvée.
- Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard (wine sold
  in traditional sectors), as well as the Ferdinand Bonnet brand.
- Maison Burtin (Epernay), a mass retail supplier and owner of the Besserat de
  Bellefon brand, distributed through traditional networks (restaurants, wine
  stores).

    Eurolist B - ISIN: FR0004027068- Reuters: BCCP.PA- Bloomberg: BOZ FP

                         www.boizelchanoine.com

CONTACTS

BOIZEL CHANOINE CHAMPAGNE                   CALYPTUS
Nicolas Roulleaux Dugage                    Cyril Combe
Tel: +33 3 26 78 50 00                      Tel: +33 1 53 65 68 68
e-mail: investisseurs@boizelchanoine.fr     e-mail: cyril.combe@calyptus.net

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LANSON-BCC (EPA:ALLAN) - BOIZEL CHANOINE CHAMPAGNE : 2009 FIRST-HALF REVENUES: 88 MILLION EUROS

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