Lanson-BCC : Results largely beat expectations. Impressive operating margin improvement
>EBIT up a sharp 65% at € 50.2m and margin of 17.4% (vs 13%e) up 620bp - 2022 EBIT reported yesterday largely beat our expectations (€ 37.6m) at € 50.2m, up a sharp 65%. The operating margin improved by 620bp to 17.4% vs 13%e, reflecting, as expected, a significantly better product mix and pricing improvements. Growth in the average selling price came in at 12%. This saw the group improve its gross margin which amounted to 45.5% vs 37.3% in 2021 and absorb cost inflat...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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