Lanson-BCC : Profitability slightly worse than expected. Confidence in the outlook beyond the pandemic
>Sharper-than-expected decline of 24% in underlying operating profit (vs -18.5%e) - On the back of previously reported sales of € 223.1m (-10.8%), Lanson-BCC published yesterday evening an underlying operating profit of € 13.4m, below our estimate (€ 14.4m). The operating margin contracted by 100bp to 6%. According to the press release, profitability was affected by the drop in volumes in most markets as well as by the inflation in the price of grapes over the last ...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.