2011 First-half revenues: 109 million euros
Press release date:
30/08/2011 - 5:45pm
Reims, Tuesday August 30th, 2011- 5:45 pm- The LANSON-BCC Group recorded 109 million euros in consolidated revenues for the first half of 2011, compared with 104.3 million euros at June 30th, 2010 (+4.5%).
Excluding the brokerage subsidiary CGV, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues came to 99.3 million euros (+4.9%).
More specifically, the Group's business has benefited from the dynamic performances achieved by Champagne Lanson, with its export rate reaching 77%, as well as Champagne Tsarine.
Revenues in million euros | 2010 | 2011 | Change (%) |
Q1 | 44.1 | 51.9 | +17.9 |
Q2 | 50.6 | 47.4 | -6.4 |
H1 | 94.7 | 99.3 | +4.9 |
Very positive half-year earnings
Thanks to a positive price mix effect (+5.6%) and effective control over costs, the Group's consolidated net income at June 30th, 2011 will be considerably higher than the level recorded at June 30th, 2010.
Nevertheless, 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 is not representative of the level for the whole year.
The audited and definitive results for the first half of 2011 will be released on Monday September 12th (after close of trading).
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