Revenues for the first nine months of 2011
Press release date:
03/11/2011 - 5:45pm 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).
Attached document:
