Lanson-BCC : Strong earnings growth in H1 despite the fall in sales
>Sharp fall in volumes. H1 sales down 5.2% (vs -2.6%e) to € 109.1m - Lanson-BCC reported its H1 results on Friday evening. Sales came to € 109.1m, down 5.2% and slightly short of our expectation (€ 112m est.). Adjusted for brokerage activities, champagne sales amounted to € 107.2m, down 4.4% on a high base of comparison (H1 2022 +15%). The fall in volumes (>10%e), which was much bigger than the drop in shipments in the first half (-4.7% according to the champagne trad...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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