2020 FIRST-HALF REVENUES: €74.13M

Press release date: 
23/07/2020 - 5:45pm
Reims, Thursday July 23, 2020 - 5:45pm – Thanks to the first quarter’s significant progress and some exceptional sales recorded in June, the LANSON-BCC Group is reporting consolidated revenues of €74.13m for the first half of 2020, down -6.7% compared with €79.47m for the first half of 2019. However, it is important to note that the first half of 2019 contracted by 9.9%.
 
Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group’s consolidated revenues came to €73.45m, compared with €77.94m for the first half of 2019 (-5.8%).
 
During an unprecedented crisis period, with global Champagne wine market volumes down 29.4% for the first half of 2020 (provisional source: CIVC), sales for the Group’s Maisons have been very affected, in France and for export, from the hotel sector to restaurants and wine stores. However, the good performance by the mail-order (B to C) sector and the high level of shipments to certain European mass retail operators made it possible to limit the consequences of this downturn. A possible anticipation of needs by these retailers must be factored in when assessing the Group’s activity during this exceptional first half of the year.
 
More than each year, LANSON-BCC would like to highlight that, with around one third of sales recorded during the first half of the year, but half of fixed costs, its revenues and earnings at June 30 cannot be representative of the full-year figures.
 
 
2020 first-half earnings will be released on Thursday September 10, after close of trading.

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