Reims, Thursday July 25, 2019 - 5:45pm -The LANSON-BCC Group is reporting €79.47m of consolidated revenues for the first half of 2019, down -9.9% from €88.19m for the first half of 2018, which recorded more robust levels of business (+3.7%).
Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group’s consolidated revenues came to €77.94m, compared with €86.98m for the first half of 2018, down -10.4%.
In France, volumes for the Group’s Houses have been globally affected by the downturn in consumption in a sluggish economic environment marked by the social movements, the electoral climate and the rollout of the French “EGALIM” law in the mass retail sector.
For export, with contrasting performance levels depending on the Houses, the Group’s sales have progressed with positive price-mix effects for several European destinations. For the UK in particular, sales are improving for the first time since the contractions seen over the last few years.
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 its results at June 30 cannot be representative of the full year.
2019 first-half earnings will be released on Thursday September 12, after close of trading.
