2018 First-half revenues: €88.2M

Press release date:

26/07/2018 - 5:45pm

Reims, Thursday July 26, 2018 - 5:45pm- The LANSON-BCC Group is reporting €88.19m in consolidated revenues for the first half of 2018, compared with €85.07m for the first half of 2017, up 3.7%.

Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues represent €86.98m, compared with €83.12m for the first half of 2017, an increase of 4.6%.

In a global Champagne wine market with volumes down 0.7% for the first half of 2018 (provisional source: CIVC), the Group's Houses have further strengthened their commercial positions, aiming in priority to create value more effectively through their wines. The Group's sales, with contrasting performances depending on the Houses, have increased for several destinations, but sales to the UK, the Group's leading export market, have continued to be affected by Brexit's impacts in terms of both volumes and the foreign exchange effect.

Like each year, it is important to note that LANSON-BCC records around one third of sales over the first six months of the year, but half of fixed costs, and its results at June 30 cannot be representative of the full year.

2018 first-half earnings will be released on Thursday September 13, after close of trading.