LANSON-BCC (EPA:ALLAN) - BCC : 2009 REVENUES: 276.04 MILLION EUROS

Transparency directive : regulatory news

09/02/2010 17:51

PRESS RELEASE

2009 REVENUES: 276.04 MILLION EUROS

Reims, February 9th, 2010 - 5:45 pm - In a champagne wine market affected by a
difficult economic environment, BCC recorded 276.04 million euros in
consolidated revenues over 2009, down 7.2% at constant exchange rates.

Business developments

Excluding the brokerage subsidiary CGV, whose activity is traditionally subject
to fluctuations, consolidated revenues came to 264.05 million euros, down 7.6%
at constant exchange rates. These figures reflect a satisfactory performance
for the Group compared with the champagne industry as a whole, which saw its
revenues contract 17% (source: CIVC).

Excluding CGV, consolidated revenues totaled 121.66 million euros for the
fourth quarter of 2009, down 8.6%. Including CGV, which operates on the
entry-level segment, 2009 fourth quarter consolidated revenues came to
131.43 million euros, a drop of 3.1% at constant exchange rates.

In million euros               2009      2008      Change at constant
                                                     exchange rates

9 months                     144.61    164.12           -10.7%
4th quarter                  131.43    136.53            -3.1%
Year to December 31st        276.04    300.65            -7.2%

BCC, present on all the niches in the Champagne market, has achieved a slight
increase in its volumes. Despite the overstocking seen among distributors at
the start of 2009, which particularly undermined shipments for the first half
of the year, BCC has further strengthened its positions in France
(61% of volumes) and limited the drop in its export sales volumes to 8.2%.

The commercial performances achieved by the Group's different Houses have
varied considerably depending on their customer base, price positioning and
export exposure. Indeed, premium vintages such as the Clos des Goisses
(Champagne Philipponnat), cuvée Louis XV (Champagne de Venoge) or Cuvée des
Moines (Champagne Besserat de Bellefon) have sold less well than entry-level
wines (Maison Burtin); traditional sales to restaurants and wine stores have
been hit harder than mass retail sales (Champagne Chanoine and Maison Burtin);
Champagne Lanson's sales have been less dynamic on export than for France;
Champagne Boizel's direct sales to consumers (mail-order) have performed well.

2009 earnings

2009 earnings will be released after close of trading on March 23rd, 2010. As
already announced by BCC, the volumes sold by the Group will not make it
possible to offset the full impact of the deterioration in the price mix on
EBIT for 2009.

Outlook

BCC is reasserting its long-term value development strategy. The current global
economic situation is making its implementation complicated, but has not called
the Group's foundations themselves into question. The quality of its Wines, the
strength of its national and international Brands, the effectiveness of its
production tools, the experience of its teams and the responsible approach
underpinning its management mean that the Group has genuine credibility.

                     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

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26/04/2024 17:45

LANSON-BCC (EPA:ALLAN) - BCC : 2009 REVENUES: 276.04 MILLION EUROS

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