Revenues for the first nine months of 2012

Press release date: 
07/11/2012 - 5:45pm

REVENUES FOR THE FIRST NINE MONTHS OF 2012

Reims, Wednesday November 7th, 2012 - 5:45 pm

The LANSON-BCC Group recorded 149.55 million euros in consolidated revenues for the first nine months of 2012, down -11.7%.

Excluding the brokerage subsidiary CGV, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues dropped -6.6% to 146.80 million euros.

 

Revenues in million euros (excl. CGV)

2012

2011

Change (%)

 First quarter

41.4

51.9

- 20.2

 Second quarter

49.5

47.4

+ 4.4

 Third quarter

55.9

57.9

- 3.5

 Total for 9 months

146.8

157.2

- 6.6

 

Over the period, the global champagne wine market contracted by 5% (source: CIVC), compared with 5% growth for the first nine months of 2011. In this environment, LANSON-BCC recorded a 9% reduction in its sales volumes, preferring to continue moving forward with its value strategy and achieving its objectives for improvements in the average sales prices across all its Houses. The volumes lost concern Burtin, a longstanding supplier for the European mass retail sector, which, faced with a suicidal level of competition over the period in the specific retailer brand market, chose to not respond to this.

Its strategy as a global Champagne player, built around the effective fit between its Houses, is enabling it to maintain an active presence across all the market segments, while focusing on adding more value to its wines; an essential condition for its sustainable development within an Appellation Controllée (AOC) area that is by definition limited.

It is important to remember that the fourth quarter usually accounts for around 45% of Champagne wine consumption, which means that the level of consumption at the end of the year will be decisive. With the global economic situation calling for a cautious approach, the LANSON-BCC Group is able to confirm that it will not be releasing any full-year forecasts for 2012. The Group is continuing to focus on net margin rate improvement.

2012 full-year revenues will be released on Thursday February 7th, 2013 (after close of trading).

Champagne Lanson Champagne Chanoine Frères Champagne Besserat de Bellefon Champagne Boizel Champagne De VenogeChampagne PhilipponnatMaison Alexandre Bonnet Maison Burtin