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Lanson-BCC — Earnings Release 2013
Aug 29, 2013
1470_iss_2013-08-29_7d9b5b81-11fe-4e07-9bf7-598d904b4cc1.pdf
Earnings Release
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PRESS RELEASE
2013 FIRST-HALF REVENUES: €93.5 MILLION
Reims, Thursday August 29th, 2013 - 5:45 pm - The LANSON-BCC Group recorded 93.5 million euros in consolidated revenues for the first half of 2013, compared with 93 million euros at June 30th, 2012 (+0.5%). Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues are up from 90.9 million euros to 91.4 million euros (+0.5%).
| Revenues in million euros (excl. CGV) |
2013 | 2012 | Change (%) |
|---|---|---|---|
| First quarter | 44.9 | 41.4 | + 8.4 |
| Second quarter | 46.5 | 49.5 | - 6.1 |
| First half | 91.4 | 90.9 | + 0.5 |
Positive half-year earnings
In a global Champagne wine market that contracted by 3.1% in terms of volumes during the first half of 2013 (source: CIVC), LANSON-BCC recorded a 4.6% drop in its sales volumes, primarily on lower value segments, focusing on the value strategy that has been applied for several years now.
Faced with an unfavorable economic environment in France and the European region, the positive price mix effect achieved over the period will make it possible to partially offset the volume effect, clearly paving the way for consolidated net income to remain positive at June 30th, 2013.
Like each year, it is important to note that LANSON-BCC records around one third of sales over the first six months of the year, but half of fixed costs, and profitability at June 30th cannot be representative of the level for the whole year.
The audited and definitive results for the first half of 2013 will be released on Tuesday September 10th (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 | Reuters: LAN.PA |
| for the European mass retail market (Chanoine brand), notably with | Bloomberg: LAN:FP |
| the Tsarine Cuvée range. | www.lanson-bcc.com |
| - Champagne Boizel (Epernay), French mail-order market leader, |
|
| with wines distributed in the traditional sector for international | LANSON-BCC |
| markets. | Nicolas Roulleaux Dugage |
| - Maison Burtin (Epernay), a European mass retail supplier and |
Tel: +33 3 26 78 50 00 |
| owner of the Besserat de Bellefon brand, distributed through |
[email protected] |
| traditional networks (restaurants, wine stores). | [email protected] |
| - Champagne De Venoge (Epernay), sold on selective retail |
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| markets, notably with its Louis XV grande cuvée. | CALYPTUS |
| - Champagne Philipponnat (Mareuil sur Aÿ), which owns the |
Communications consultant |
| prestigious Clos des Goisses, with wines also available on selective | Cyril Combe |
| retail markets as well as in leading restaurants. | |
| - Champagne Alexandre Bonnet (Les Riceys), owner of a vast |
Tel: +33 1 53 65 68 68 |
| vineyard (wine sold in traditional sectors). | [email protected] |