Lanson-BCC : Strong decline in the first half, penalised by the contraction in volumes amid a fall on the champagne market
>H1 sales down 19.5% to € 87.8m vs € 93.1m expected. The EBIT margin of 14.1% fell by more than expected, losing 3.6 points vs -2.3 points estimated - Yesterday evening Lanson-BCC reported H1 results that came in well below what we expected. Sales were down 19.5% to € 87.8m. Volumes fell more strongly than the market (-15.2% according to the CIVC). We estimate the fall at around -25% whereas the price-mix remains positive. The group’s shipments fell in both France and...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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