Lanson-BCC : 2018 results ahead of expectations. Continuation of the value strategy over the long term
>Growth in underlying operating profit of 7.1% to € 21.9m vs € 19.9m est. - Lanson-BCC’s 2018 results came in more than 10% ahead of our forecasts. Underlying operating profit came to € 21.9m (+7.3%) vs € 19.9m est. on sales up 6.1% to of € 277.5m, already reported. The underlying operating margin rose 10bp to 7.9% while the gross margin declined by 30bp to 35.5%. The positive trend in the price mix allowed the group to partially offset the impact of inflation in gra...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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