2017 Revenues: 261.59 million euros

Press release date: 
01/02/2018 - 5:45pm

Reims, Thursday February 1, 2018 - 5:45 pm

 

The LANSON-BCC Group is reporting 261.59 million euros in consolidated revenues for 2017 (+0.9%).

Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group’s consolidated revenues came to 256.36 million euros (+1.6%).

 

Revenues (€M)

2017

2016

Change (%)

 Nine months

135.9

144.2

- 5.8

 Fourth quarter

125.7

114.9

+ 9.4

 Full year

261.6

259.1

+ 0.9

 

According to the CIVC’s initial estimates, the global Champagne wine market grew +0.5% in 2017, with 307.7 million bottles shipped, but with contrasting trends depending on the destination: -2.4% for France, -1.1% for Europe and +8.8% for the rest of the world. Sales for the Group’s Houses were down slightly in France, the UK (combined with a negative exchange effect of 6.5%) and Europe. The progress made on many other exports destinations didn’t fully offset the contraction in traditional markets.

 

Consolidated revenues for the fourth quarter, representing 48% of the full-year figure for 2017, benefited from a more dynamic end to the year than in 2016.

 

2017 earnings will be released after close of trading on Thursday March 29, 2018.

Champagne Lanson  Champagne Tsarine    Champagne Besserat de Bellefon  Champagne Boizel   Champagne De Venoge   Champagne Philipponnat  Maison Alexandre Bonnet