2010 REVENUES: 305.15 MILLION EUROS
Reims, Tuesday February 8th, 2011, 5:45 pm – The LANSON-BCC Group recorded 305.15 million euros in full-year consolidated revenues for 2010, up 10.6%.
Business developments
Thanks to 23% growth in export sales (45% of total volumes), the volumes sold by the LANSON-BCC Group's Houses show an increase of 6%. These figures reflect a good performance by LANSON-BCC compared with the champagne industry as a whole: total champagne wine shipments came to 319.5 million bottles in 2010, climbing 8.9%. The Champagne Houses alone increased their export volumes by 19.7% (source: CIVC).
Excluding the champagne wine brokerage subsidiary CGV, whose activity is traditionally subject to fluctuations, LANSON-BCC's consolidated revenues are up 8% to 284.84 million euros.
Consolidated revenues totaled 137.65 million euros in the fourth quarter of 2010, representing 45% of consolidated revenues for 2010; excluding CGV, this figure comes out at 130.03 million euros (+7%).
€'000,000 | 2010 | 2009 | Change |
9 months | 167.50 | 144.61 | +15.8% |
4th quarter | 137.65 | 131.43 | +4.7% |
Year to December 31st | 305.15 | 276.04 | +10.6% |
Moreover, LANSON-BCC made a major investment at the end of December 2010 to acquire a vineyard with 13 hectares of organic vines.
2010 earnings
2010 earnings will be released after close of trading on March 22nd, 2011.
As already announced by LANSON-BCC, the progress achieved with the business during 2010 will make it possible, despite the increase in the cost price of bottles sold this year, to end 2010 with a better performance than 2009.
