LANSON-BCC (EPA:ALLAN) - REVENUES FOR THE FIRST NINE MONTHS OF 2009
Transparency directive : regulatory news
26/10/2009 17:45
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PRESS RELEASE
REVENUES FOR THE FIRST NINE MONTHS OF 2009
Reims, Monday October 26th, 2009 - 5:45 pm - With a third quarter that was
better than the second, the BCC Group recorded 144.61 million euros in
consolidated revenues over the nine months to September 30th, 2009, compared
with 164.12 million euros at September 30th, 2008, down 11.9%.
Excluding the brokerage subsidiary CGV, whose activity is traditionally
subject to fluctuations, the Group's consolidated revenues came to 142.38
million euros, compared with 154.78 million euros at September 30th , 2008,
down 8%.
At constant exchange rates, this figure, excluding CGV, would have come out at
143.97 million euros, down 7%.
Export sales represented 34.5% at September 30th , 2009, versus 45.2% at
September 30th , 2008, representing a drop in volume of 26.9% (-35.4% for
Champagne Houses alone, 8 months 2009, latest CIVC figures published).
Despite an unfavorable economic environment, the BCC Group has achieved a
3.3 % increase in its volumes of Champagne wine sales (with +22.3% on the
French market), while the global Champagne wine market contracted by 19%
over the first eight months of the year (with -22.6% for the Champagne
Houses alone, CIVC figures).
It is important to remember that the fourth quarter accounts for 45 to 50% of
Champagne wine consumption.
OUTLOOK
A pure Champagne player, the BCC Group is forging ahead with its policy for an
active presence on all market niches. However, the resulting volumes will not,
as BCC has already announced, make it possible to offset the impact of the
deterioration in the price mix on operational performance over 2009.
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 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
Email: investisseurs@boizelchanoine.fr Email: cyril.combe@calyptus.net