Reims, Thursday January 31, 2019 - 5:45 pm
The LANSON-BCC Group is reporting €277.50m in consolidated revenues for 2018, up +6.1%.
Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group’s consolidated revenues came to €271.94m, with +6.1% growth.
Revenues (€m) | 2018 | 2017 | Change (%) |
H1 | 88.20 | 85.07 | +3.7 |
H2 | 189.30 | 176.52 | +7.2 |
Year to December 31 | 277.50 | 261.59 | +6.1 |
In a global Champagne wine market that contracted in 2018, with 302 million bottles (provisional CIVC figure), versus 307 in 2017, the LANSON-BCC Group has pragmatically pursued its strategy as a pure Champagne player, without neglecting any market segment.
The Group’s sales show contrasting trends. Maison Lanson recorded a lower level of business in the UK, historically its core market, due to the uncertainty surrounding Brexit. Maison Philipponnat, with its renowned Clos des Goisses cuvee, Maison De Venoge, with its Princes cuvee, and Chanoine, with its Tsarine cuvee, continued improving their performance levels for both France and Export markets.
The end of the year was particularly dynamic, but the unrest seen during this period in France could have affected the final consumption figures. The fourth quarter’s consolidated revenues represent 49% of consolidated revenues for the full year.
2018 full-year earnings will be released on Wednesday March 20, 2019 (after close of trading).
