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Lanson-BCC — Earnings Release 2014
Aug 28, 2014
1470_iss_2014-08-28_a0992268-78ba-4db2-a71c-f339bf63da03.pdf
Earnings Release
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PRESS RELEASE
2014 FIRST-HALF REVENUES: €94.3 MILLION
Reims, Thursday August 28th, 2014 - 5:45 pm - The LANSON-BCC Group recorded 94.3 million euros in consolidated revenues for the first half of 2014, compared with 93.5 million euros at June 30th, 2013 (+0.9%).
Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues are up from 91.4 million euros to 92.5 million euros (+1.3%).
| Revenues in € million (excl. brokerage) |
2014 | 2013 | Change (%) |
|---|---|---|---|
| First quarter | 42.5 | 44.9 | -5.4 |
| Second quarter | 50 | 46.5 | +7.7 |
| First half | 92.5 | 91.4 | +1.3 |
Positive half-year income
The global Champagne wine market grew 1.4% in terms of volume during the first half of 2014 (source: CIVC). After contracting in the first quarter, LANSON-BCC's sales accelerated during the second quarter (+7.7%), thanks in particular to the marketing actions rolled out.
In France, margins have been affected by the unfavorable economic climate, while the European region and the rest of the world have continued to grow. Consolidated net income at June 30, 2014 will be firmly in positive territory.
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 2014 will be released on Tuesday September 9th (after close of trading).
| Euronext Compartment B | |
|---|---|
| ISIN: FR0004027068 Ticker: LAN |
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| Reuters: LAN.PA (Reims), wines intended primarily for the |
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| European mass retail market (Chanoine brand), reputed above all for its famous Bloomberg: LAN:FP |
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| Indices : CAC Mid & Small, | |
| CAC All-Tradable, CAC Beverages | |
| Eligible for SME share-based savings | |
| schemes - Maison Burtin (Epernay), a European mass retail supplier and owner of the (implementing order of March 5th, 2014) brand, distributed through traditional networks |
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| LANSON-BCC - Champagne De Venoge (Epernay), sold on selective retail markets, notably |
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| Nicolas Roulleaux Dugage Tel: +33 3 26 78 50 00 |
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| [email protected] - Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious Clos |
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| des Goisses, with wines also available on selective retail markets as well as in [email protected] |
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| CALYPTUS - Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard (wine |
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| Communications consultant | |
| Cyril Combe | |
| Tel: +33 1 53 65 68 68 [email protected] |
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| - Champagne Boizel (Epernay), French mail-order market leader, with wines |