LANSON-BCC (EPA:ALLAN) - LANSON - BCC : 2010 FIRST-HALF REVENUES: €104 MILLION

Transparency directive : regulatory news

27/08/2010 17:54

PRESS RELEASE

                    2010 FIRST-HALF REVENUES: EUR104 MILLION

Reims, Thursday August 26th, 2010 - 5:45 pm - The Lanson-BCC Group recorded
EUR104.3 million in consolidated revenues for the first half of 2010, compared
with EUR88.4 million at June 30th, 2009 (+18%). This figure compares with the
first half of 2009 which was affected by the destocking seen in global
distribution channels.

Sales trending up

Second-quarter revenues confirm the good trend for business in 2010
(EUR55.5 million, +15.8%).

Excluding the brokerage business CGV, sales for the first half of 2010
(EUR94.7 million, +8.5%) are similar to the level recorded for the first half
of 2007.

Lanson-BCC has pragmatically pursued its strategy as a global Champagne player:
the Group's various Houses dovetail effectively with one another, enabling it
to not neglect any market segment. The Group has benefited from the valued
positioning of its leading brands, particularly Champagne Lanson, which
celebrated its 250th anniversary in 2010.

Positive half-year earnings

The positive change in the price mix, linked to the increase in export volumes
(46% of total shipments, compared with 33% at June 30th, 2009) and superior
vintage sales (+25% in volume), is paving the way for an improvement in
profitability. Nevertheless, 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 the level of profitability at June 30th is
not representative of earnings for the whole year.

Income from ordinary operations came to nearly EUR9.3 million, compared with
EUR8 million at June 30th, 2009, up 16%.

The Group's financial result has seen a positive trend, coming in at
-EUR6.6 million, compared with -EUR7 million at June 30th, 2009, with the
variable-rate borrowings needed to finance the ageing of Champagne wine stocks
benefiting from the reduction in rates.

2010 has started off with a satisfactory trend, reflecting the better fit
between shipments and consumption. Today, this points to a better year in 2010
than 2009.

The audited and definitive results for the first half of 2010 will be released
on Thursday September 23rd Cafter 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), notably with 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: BCCP.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

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26/04/2024 17:45

LANSON-BCC (EPA:ALLAN) - LANSON - BCC : 2010 FIRST-HALF REVENUES: €104 MILLION

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