Lanson-BCC

Lanson-BCC produces, sells and markets champagne. Co. owns a portfolio of houses which are: Champagne Lanson (international market), Champagne Boizel (French-mail order, wines distributed in the traditional sector for international markets), Champagne Chanoine Freres (mass retail market), Champagne Philipponnat and Champagne De Venoge (selective retail markets), Champagne Alexandre Bonnet (traditional sectors), Maison Burtin (mass retail supplier, distributed through traditional networks). Co.'s brands are Boizel, Chanoine Freres, Tsarine, Philipponat, Clos des Goisses, Abel Lepitre, De Venoge, Alexandre Bonnet, Lanson, Besserat de Bellefon, Alfred Rothschild.
  • TickerALLAN
  • ISINFR0004027068
  • ExchangeEuronext Paris
  • SectorBeverages
  • CountryFrance
Fatma Agnès Hamdani

Lanson-BCC : H1 results show a loss but the financial situation is improving

>Underlying operating profit of -€ 1m, below expectations - On reported revenues of € 74.1m, down 6.7%, with -5.8% excluding brokerage, underlying operating profit fell short of our expectations at -€ 1m (vs € 0.12m). Despite costs being under control (personnel expense down 6.7%), profitability was hurt by higher cost prices (grape price inflation) and a decline in volumes for the highest-value brands destined for distribution channels hard hit by the health crisis s...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Fatma Agnès Hamdani

Lanson-BCC : Résultats S1 en perte mais amélioration de la situation financière

>ROC de -1 M€, en dessous des attentes - Sur la base d’un CA publié de 74.1.4 M€ en retrait de 6.7% dont -5.8% pour l’activité hors courtage, le ROC ressort en dessous de nos attentes à -1 M€ (0.12 M€). Malgré des charges contenues (frais de personnel en baisse de 6.7%), la rentabilité pâtit de la hausse du prix de revient des bouteilles (inflation du prix du raisin) et de la baisse des volumes des marques les plus valorisées à destination de circuits très touchés par...

An unfavourable environment weighs on LANSON-BCC, which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of LANSON-BCC (FR), active in the Distillers & Vintners industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date August 7, 2020, the closing price was EUR 15.10 and its target price was estimated at EUR 14.34.

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/24/2020

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Applus to...

Fatma Agnès Hamdani

Lanson-BCC : H1 results show a loss but the financial situation is improving

>Underlying operating profit of -€ 1m, below expectations - On reported revenues of € 74.1m, down 6.7%, with -5.8% excluding brokerage, underlying operating profit fell short of our expectations at -€ 1m (vs € 0.12m). Despite costs being under control (personnel expense down 6.7%), profitability was hurt by higher cost prices (grape price inflation) and a decline in volumes for the highest-value brands destined for distribution channels hard hit by the health crisis s...

Fatma Agnès Hamdani

Lanson-BCC : Résultats S1 en perte mais amélioration de la situation financière

>ROC de -1 M€, en dessous des attentes - Sur la base d’un CA publié de 74.1.4 M€ en retrait de 6.7% dont -5.8% pour l’activité hors courtage, le ROC ressort en dessous de nos attentes à -1 M€ (0.12 M€). Malgré des charges contenues (frais de personnel en baisse de 6.7%), la rentabilité pâtit de la hausse du prix de revient des bouteilles (inflation du prix du raisin) et de la baisse des volumes des marques les plus valorisées à destination de circuits très touchés par...

Fatma Agnès Hamdani

Lanson-BCC : Good resilience of business in H1...

>Sales down by just 6.7% to € 74.13m - Lanson-BCC reported H1 2020 sales down 6.7% to € 74.13, significantly better than expected (vs € 58.2m est.). Excluding the brokerage business, sales declined by 5.8% to € 73.45m. According to the press release, this relative performance is attributable to a first quarter that showed a clear improvement on a favourable comparison basis (negative impact of the EGalim law application that governs promotions in French supermarkets) ...

Fatma Agnès Hamdani

Lanson-BCC : Bonne résilience de l’activité au S1

>Le CA baisse de seulement 6.7% à 74.13 M€ - Pour son S1, Lanson-BCC a publié un CA en baisse de 6.7% à 74.13 M€, largement mieux qu’attendu (vs 58.2 M€e). Hors activité de courtage, les ventes chutent de 5.8% à 73.45 M€. Selon le communiqué, cette relative performance est imputable à un premier trimestre en nette progression sur une base de comparaison favorable (impact négatif de l’application loi EGalim qui encadre les promotions en GMS en France) et un mois de ju...

Fatma Agnès Hamdani

Lanson-BCC : Full-year results fractionally better than expected. Uncertainty in the short term due to difficulty in quantifying effects of COVID-19

>2019 EBIT and attributable net profit  down 19.5% and 20%.  Dividend halved by 50% to € 0.25 per share - Lanson-BCC yesterday reported FY 2019 results a shade above expectations. With sales already reported at € 250.3m (down 9.8%), EBIT came in at € 17.6m (vs € 17.3m estimated), -19.5%, representing a margin down 90bp (vs -100bp forecast) to 7%. The 160bp increase in the gross margin to 37.1% thanks to a better price mix (with the abandoning of less valued volumes) i...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/24/2020

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Applus to...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 24/07/2020

Le choc du COVID-19 dépasse largement les précédents impacts négatifs rencontrés depuis l’introduction en Bourse de Bureau Veritas (octobre 2007), que ce soit la crise financière (2008-2009), la chute brutale du cours du pétrole (2014-2015) ou la guerre commerciale (2019). Ces T2 2020 auront un caractère historique par l’ampleur de leur régression organique (à deux chiffres parfois) malgré des profils théoriquement résilients et diversifiés. Eurofins et Bureau Veritas sont nos valeurs...

Ahmed Ben Salem ...
  • Alain William
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain

ODDO BHF Small & MIDCAP MORNING NEWS - 03/19/2020 Date Performance since listing Date Performance since listing

...

Ahmed Ben Salem ...
  • Alain William
  • Baptiste Lebacq
  • Bruno Cavalier
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain

ODDO BHF Small & MIDCAP MORNING NEWS - 19/03/2020 Date Performance depuis l’entrée Date Performance depuis l’entrée

La journée d’hier a marqué un tournant décisif dans la conduite de la politique de la BCE. Les déclarations stupides du gouverneur autrichien – quelques jours après la "boulette" de Christine Lagarde au sujet des spreads – ont soudain ravivé le souvenir des années 2011-2012. En plus d’une crise financière mondiale et la perspective d’une sévère récession, voilà qu’apparaissaient des signes de fragmentation financière, avec, à leur suite, la question de la soutenabilité de la dette pub...

An unfavourable environment weighs on LANSON-BCC, which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of LANSON-BCC (FR), active in the Distillers & Vintners industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date August 7, 2020, the closing price was EUR 15.10 and its target price was estimated at EUR 14.34.

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