LANSON-BCC (EPA:ALLAN) - LANSON-BCC: 2019 REVENUES: €250.29M

Transparency directive : regulatory news

27/01/2020 17:45

PRESS RELEASE

                            2019 REVENUES: EUR250.29M

Reims, Monday January 27, 2020 - 5:45 pm

The LANSON-BCC Group is reporting EUR250.29m in consolidated revenues for 2019,
down -9.8%. Excluding the brokerage subsidiary, whose activity is traditionally
subject to fluctuations, the Group's consolidated revenues came to EUR246.16m,
down -9.5%.

Revenues (EURm)         2019     2018   Change (%)

H1                     79.47    88.20     -9.9
H2                    170.81   189.30     -9.8
Year to December 31   250.29   277.50     -9.8

According to the CIVC's initial estimates, the global Champagne wine market
decreased in volume by - 1.6% in 2019 to 297.4 million bottles shipped, but
with contrasting trends depending on the destination: -4% for France, +1% for
Europe and +0.4% for the rest of the world.

In this context, if our most exporting Maisons, which serves traditional
customers, obtained respectable performances, the two Group's Maisons most
exposed to mass retail sector - Chanoine Frères and especially Maison Burtin -
were unable to reflect the increase in the price of grapes (+22.6% cumulative
over 10 years) in their selling prices. In addition, there was a negative
volume effect linked to the delicate rollout of the French Egalim Law. The
losses recorded in this mass retail sector will have a significant impact on
the expected 2019 full-year earnings.
The fourth quarter's consolidated revenues represent 50% of consolidated
revenues for the full year.

2019 full-year earnings will be released on Wednesday March 18, 2020 (after
close of trading).

LANSON-BCC is a group built around eight Maisons that produce Champagne wines,
created and led by Champagne families. It unites together outstanding Maisons,
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 Maisons to develop its performances, ensuring the LANSON-BCC
Group's sustainability.

* Champagne Lanson, prestigious Maison founded 1760, Reims, with 80%
   distributed on international markets.
* Champagne Chanoine Frères, Maison founded 1730, Reims, wines intended
   primarily for the European mass retail market (Chanoine brand), reputed
   above all for its Tsarine cuvee.
* Champagne Boizel, Maison founded 1834, Epernay, French mail-order
   specialist (BtoC), distributed in the traditional sector for international
   markets.
* Champagne De Venoge, Maison founded 1837, Epernay, sold on selective retail
   markets, notably with its Princes range and its Louis XV grande cuvee.
* Champagne Besserat de Bellefon, Maison founded 1843, Epernay, distributed
   through traditional networks (restaurants, wine stores).
* Champagne Philipponnat, Maison founded 1910, Mareuil sur Aÿ, which owns
   the renowned Clos des Goisses, with wines exclusively available on selective
   retail markets as well as in the world's leading restaurants.
* Maison Burtin, Epernay, private-label supplier for the European mass retail
   market and also producer of Champagne Alfred Rothschild.
* Champagne Alexandre Bonnet, Les Riceys, owner of a vast vineyard,
   with wine sold in traditional sectors.

www.lanson-bcc.com

Euronext Growth
ISIN: FR0004027068
Ticker: ALLAN
Reuters: ALLAN.PA
Bloomberg: ALLAN:FP

Indices: CAC All Shares, 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 (0)3 26 78 50 00
investisseurs@lansonbcc.com

actionnaires@lansonbcc.com

CALYPTUS
Cyril Combe
Tel: +33 (0)1 53 65 68 68
cyril.combe@calyptus.net

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07/03/2024 17:45

LANSON-BCC (EPA:ALLAN) - LANSON-BCC: 2019 REVENUES: €250.29M

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