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Lanson-BCC — Earnings Release 2010
Feb 9, 2011
1470_iss_2011-02-09_fc0a93a0-0a78-44ba-b7d7-cf4610e1f39e.pdf
Earnings Release
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PRESS RELEASE
2010 REVENUES: 305.15 MILLION EUROS
Reims, Tuesday February 8th, 2011, 5:45 pm – The LANSON-BCC Group recorded 305.15 million euros in full-year consolidated revenues for 2010, up 10.6%.
Business developments
Thanks to 23% growth in export sales (45% of total volumes), the volumes sold by the LANSON-BCC Group's Houses show an increase of 6%. These figures reflect a good performance by LANSON-BCC compared with the champagne industry as a whole: total champagne wine shipments came to 319.5 million bottles in 2010, climbing 8.9%. The Champagne Houses alone increased their export volumes by 19.7% (source: CIVC).
Excluding the champagne wine brokerage subsidiary CGV, whose activity is traditionally subject to fluctuations, LANSON-BCC's consolidated revenues are up 8% to 284.84 million euros.
Consolidated revenues totaled 137.65 million euros in the fourth quarter of 2010, representing 45% of consolidated revenues for 2010; excluding CGV, this figure comes out at 130.03 million euros (+7%).
| €'000,000 | 2010 | 2009 | Change |
|---|---|---|---|
| 9 months | 167.50 | 144.61 | +15.8% |
| 4th quarter | 137.65 | 131.43 | +4.7% |
| Year to December 31st | 305.15 | 276.04 | +10.6% |
Moreover, LANSON-BCC made a major investment at the end of December 2010 to acquire a vineyard with 13 hectares of organic vines.
2010 earnings
2010 earnings will be released after close of trading on March 22nd, 2011.
As already announced by LANSON-BCC, the progress achieved with the business during 2010 will make it possible, despite the increase in the cost price of bottles sold this year, to end 2010 with a better performance than 2009.
| 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: BCCP.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 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, notably | |
| with its Louis XV grande cuvée. | CALYPTUS |
| - Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious Clos | Cyril Combe |
| des Goisses, with wines exclusively available through selective retail | Tel: +33 1 53 65 68 68 |
| channels, primarily in leading restaurants. | [email protected] |
| - Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard | |
| (wine sold in traditional sectors). |