LANSON-BCC (EPA:ALLAN) - LANSON-BCC: 2018 FIRST-HALF REVENUES: €88.2M
Transparency directive : regulatory news
26/07/2018 17:45
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PRESS RELEASE
2018 FIRST-HALF REVENUES: EUR88.2M
Reims, Thursday July 26, 2018 - 5:45pm - The LANSON-BCC Group is reporting
EUR88.19m in consolidated revenues for the first half of 2018, compared with
EUR85.07m for the first half of 2017, up 3.7%.
Excluding the brokerage subsidiary, whose activity is traditionally subject to
fluctuations, the Group's consolidated revenues represent EUR86.98m, compared
with EUR83.12m for the first half of 2017, an increase of 4.6%.
In a global Champagne wine market with volumes down 0.7% for the first half of
2018 (provisional source: CIVC), the Group's Houses have further strengthened
their commercial positions, aiming in priority to create value more effectively
through their wines. The Group's sales, with contrasting performances depending
on the Houses, have increased for several destinations, but sales to the UK,
the Group's leading export market, have continued to be affected by Brexit's
impacts in terms of both volumes and the foreign exchange effect.
Like each year, it is important to note that LANSON-BCC records around one
third of sales over the first six months of the year, but half of fixed costs,
and its results at June 30 cannot be representative of the full year.
2018 first-half earnings will be released on Thursday September 13, after close
of trading.
LANSON-BCC is a group built around seven Houses that produce Champagne wines,
created and led by Champagne families. The Group unites together outstanding
Houses, renowned for their unique wines and benefiting from the effective fit
between their customer segments. The blend of ancestral know-how and
leading-edge technical capabilities, creative independence and rational
synergies enables each one of its Houses to develop its performances, ensuring
the LANSON-BCC Group's sustainability.
- Champagne Lanson, prestigious House founded 1760, Reims, with 80% distributed
on international markets.
- Champagne Chanoine Frères, House founded 1730, Reims, wines intended
primarily for the European mass retail market (Chanoine brand), reputed above
all for its famous Tsarine cuvee.
- Champagne Boizel, House founded 1834, Epernay, French mail-order market
leader (BtoC), distributed in the traditional sector for international
markets.
- Maison Burtin, Epernay, European mass retail supplier and owner of the
Besserat de Bellefon brand, which is distributed through traditional networks
(restaurants, wine stores).
- Champagne De Venoge, House founded 1837, Epernay, sold on selective retail
markets, notably with its Louis XV grande cuvee.
- Champagne Philipponnat, House founded 1910, Mareuil sur Aÿ, which owns the
renowned Clos des Goisses, with wines also available on selective retail
markets as well as in the world's leading restaurants.
- Champagne Alexandre Bonnet, Les Riceys, owner of a vast vineyard, with wine
sold in traditional sectors.
www.lanson-bcc.com
Euronext Compartment B
ISIN: FR0004027068
Ticker: LAN
Reuters: LAN.PA
Bloomberg: LAN:FP
Indices: CAC All Shares, CAC Beverages, CAC Consumer Goods, EnterNext PEA-PME
150
Eligible for SME share-based savings schemes
(implementing order of March 5, 2014)
LANSON-BCC
Nicolas Roulleaux Dugage
Tel: +33 3 26 78 50 00
investisseurs@lansonbcc.com
actionnaires@lansonbcc.com
CALYPTUS
Cyril Combe
Tel: +33 1 53 65 68 68
www.lanson-bcc.com
cyril.combe@calyptus.net