Lanson-BCC : 2023 earnings far above our forecasts thanks to a strong trend in the mix price and tight cost control
>2023 underlying operating profit up 17% at € 58.8m, with a margin up 420bp at 21.6% - Based on already-published sales of € 271.1m (-6.1%), 2023 underlying operating profit was up 17% at € 58.8m, better than expected (€ 48.8m est.). The operating margin was up 420bp at 21.6%. Contrary to our forecasts, the increase in the price mix of 11.6% and the tight control of structural costs help to attenuate inflation in production costs. The deterioration in the mix in H2 re...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.
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