Report
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...
Underlying
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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fatma Agnès Hamdani

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