2021 FIRST-HALF REVENUES: €99.11M

Press release date: 
22/07/2021 - 5:45pm

 

Reims, Thursday July 22, 2021 - 5:45pm –After an unprecedented crisis period due to the Covid pandemic, the global Champagne wine market recorded a volume increase of 49.7% over the first half of 2021, compared to the first half of 2020. As a reminder, the first half of 2020 was down 29.4% (source CIVC).

 

In this context, The LANSON-BCC Group is reporting consolidated revenues of €99.11m for the first half of 2021, up +33.7% compared with €74.13m for the first half of 2020. As a reminder, the revenues of the LANSON-BCC Group outperformed the market in 2020 with a decrease limited to 6.7% compared to the first half of 2019.

Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group’s consolidated revenues came to €97.30m, compared with €73.45m for the first half of 2020 (+32.5%).

These figures reflect the strong attachment of consumers to Champagne wines both in France and abroad and can also be explained by a significant restocking during the half-year, clearly indicating that effective consumption in 2020 was higher than the shipments figures.

 

LANSON-BCC would like to highlight that around one third of sales are usually recorded during the first half of the year, which bears half of the fixed costs. However, this proportion should not be verified this year due to both the partly exceptional nature of this shipment recovery and the continued health uncertainties.

 

2021 first-half earnings will be released on Thursday September 9th, after close of trading.

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