LANSON-BCC (EPA:ALLAN) - LANSON-BCC: REVENUES FOR THE FIRST NINE MONTHS OF 2010
Transparency directive : regulatory news
05/11/2010 10:56
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PRESS RELEASE
REVENUES FOR THE FIRST NINE MONTHS OF 2010
Reims, Thursday November 4th, 2010, 5:45 pm - The LANSON-BCC Group recorded
15.8% growth in its consolidated revenues over the first nine months of 2010, up
to 167.50 million euros, compared with 144.61 million euros at September 30th,
2009.
In view of a better consumption trend and a certain level of restocking among
retailers, the Champagne wine market showed a 21% increase in volume at
September 30th, 2010 (CIVC provisional figure), whereas it was down 17% at
September 30th, 2009 (source: CIVC).
For LANSON-BCC, volumes for the first nine months of 2010 are up 7.5%, thanks to
39% export growth, while volumes increased 3.3% over the first nine months of
2009, thanks to 22% growth on the French market. The various Houses of the
Group, a global Champagne player, dovetail effectively with one another,
enabling it to be present across all market segments, from secondary brands,
less dynamic this year, to the more favorable segments for export sales and
superior vintages, primarily Champagne Lanson.
In the third quarter of 2010, consolidated revenues totaled 63.16 million euros
(+12.4% in relation to the third quarter of 2009), confirming the good trend for
business.
For the first nine months of 2010, consolidated revenues came to 167.50 million
euros, compared with 144.61 million euros at September 30th, 2009, up 15.8%,
compared with an 11.9% contraction at September 30th, 2009.
Excluding the brokerage business (CGV), which is traditionally subject to
fluctuations, consolidated revenues represented 60.14 million euros for the
third quarter of 2010 (+9.1% in relation to the third quarter of 2009).
Consolidated revenues for the first nine months of 2010 come out at 154.81
million euros (+8.7%).
It is important to remember that the fourth quarter accounts for around 45 to
50% of Champagne wine consumption.
Outlook
The fourth quarter of 2009 saw a clear upturn in sales. An equivalent fourth
quarter in 2010 could, despite the increase in the cost price of bottles sold
this year and the disruption to transport in October, enable the LANSON-BCC
Group to end 2010 with a better performance than in 2009.
2010 full-year revenues will be released on Tuesday February 8th, 2011 (after
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 exclusively available through selective retail channels,
primarily 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