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Lanson-BCC — Earnings Release 2011
Nov 3, 2011
1470_10-q_2011-11-03_38801a6a-a6cd-4ff7-8fad-54f57c0e7cac.pdf
Earnings Release
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PRESS RELEASE
REVENUES FOR THE FIRST NINE MONTHS OF 2011
Reims, Thursday November 3rd, 2011, 5:45 pm – The LANSON-BCC Group recorded 169.39 million euros in consolidated revenues for the first nine months of 2011, compared with 167.50 million euros at September 30th, 2010, up +1.1%.
Excluding the brokerage subsidiary CGV, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues came to 157.20 million euros, an increase of +1.6%.
| Revenues in million euros (excl. CGV) | 2010 | 2011 | Change (%) |
|---|---|---|---|
| First quarter | 44.1 | 51.9 | +17.7 |
| Second quarter | 50.6 | 47.4 | -6.4 |
| Third quarter | 60.1 | 57.9 | -3.7 |
| Total for 9 months | 154.8 | 157.2 | +1.6 |
Over the period, the global champagne wine market (source: CIVC) increased by 5%, compared with 14.7% growth for the first nine months of 2010. In this climate, LANSON-BCC recorded a 5.6% drop in its sales volumes, after increasing them by 7.5% over the first nine months of 2010. Its strategy as a global Champagne player, built around the effective fit between its Houses, means that it is able to cope with variations in the market. In this way, thanks to a positive price mix effect (+5.6%), 2011 could enable the LANSON-BCC Group to achieve growth in its earnings.
However, it is important to remember that the fourth quarter accounts for around 45% of Champagne wine consumption. As a result, the level of consumption at the end of 2011 will be decisive. However, faced with a complex global situation and sluggish economic outlook, we must adopt a highly cautious approach. In this way, the LANSON-BCC Group is not releasing any full-year forecasts for 2011.
2011 full-year revenues will be released on Tuesday February 7th, 2012 (after close of trading).
| LANSON-BCC fully owns seven Champagne Houses: | Euronext Compartment B |
|---|---|
| ISIN: FR0004027068 | |
| - Champagne Lanson (Reims), the prestigious international brand. | Ticker: LAN |
| - Champagne Chanoine Frères (Reims), wines intended primarily for the | Reuters: LAN.PA |
| European mass retail market (Chanoine brand), notably with the Tsarine | Bloomberg: LAN:FP |
| Cuvée range. | www.lanson-bcc.com |
| - Champagne Boizel (Epernay), French mail-order market leader, with |
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| wines distributed in the traditional sector for international markets. | LANSON-BCC |
| - Maison Burtin (Epernay), a European mass retail supplier and owner of the | Nicolas Roulleaux Dugage |
| Besserat de Bellefon brand, distributed through traditional networks |
Tel: +33 3 26 78 50 00 |
| (restaurants, wine stores). | [email protected] |
| - Champagne De Venoge (Epernay), sold on selective retail markets, |
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| notably with its Louis XV grande cuvée. | CALYPTUS |
| - Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious | Cyril Combe |
| Clos des Goisses, with wines also available on selective retail markets as | Tel: +33 1 53 65 68 68 |
| well as in leading restaurants. | [email protected] |
| - Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard | |
| (wine sold in traditional sectors). |