Lanson-BCC : Significant earnings recovery in 2021 reflecting notably the acceleration in the value strategy. Caution on 2022 in view of the geopolitical context
>Marked underlying operating profit recovery to € 31.1m vs € 21.9m est. and € 17.7m in 2019 - On 2021 sales of € 271.1m, up 21.5%, Lanson-BCC posted full-year earnings well ahead our expectations. Underlying operating profit came in at € 31.1m (vs € 21.9m) up 125% and 76% ahead of the 2019 level. The underlying operating margin improved by 530bp and 440bp vs 2019 to 11.5%, underpinned by good commercial momentum coming out of the health crisis with positive price mix ...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.
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