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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Lanson-BCC    LAN   FR0004027068

LANSON-BCC (LAN)
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Delayed Quote. Delayed  - 08/14 05:11:58 pm
31 EUR   -4.32%
07/262018 FIRST-HALF : €88.2m
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French wine and spirits exports hit new record in 2017

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02/14/2018 | 01:48pm CEST
FILE PHOTO: Bottles of Bordeaux wine are displayed on sale in a supermarket in Vertou

PARIS (Reuters) - French wine and spirits exports rose to a new record in 2017 due to strong sales to the United States and China, despite a stronger euro exchange rate, the Federation of French Wines and Spirit Exporters (FEVS) said on Wednesday.

Wines and spirits rank second in France for exports, behind aerospace and ahead of perfumes and cosmetics.

"All French regions benefited from this export windfall," said Antoine Leccia, FEVS's new president, who spoke to Reuters by telephone.

Export sales reached 12.91 billion euros ($15.94 billion), up 8.5 percent on 2016, the federation said in a statement.

Wine sales also rose 6 percent in volume, recording their first increase in five years.    

Exports were mainly driven by the United States and China, the first and third biggest markets for French wines and spirits.    

In the United States, sales rose 9.5 percent and broke the 3 billion euros mark for the first time, boosted by cognac, which accounted for 40 percent of exports in value.    

In China, where growth of the upper-middle class is driving sales of luxury goods, shipments climbed 24.5 percent, to 1.2 billion euros, mainly due to cognac and Bordeaux wines.    

Chinese customers have a better knowledge of products. They buy more upscale bottles, Leccia said.    

After a few lean years in China, LVMH (>> LVMH Moët Hennessy Vuitton SE), Pernod Ricard (>> Pernod Ricard) and Remy Cointreau (>> Rémy Cointreau) have had a rebound in sales of cognac in the country.    

In total, cognac exports rose by 10.8 percent to 3.07 billion euros in 2017. Wine sales increased 9.6 percent to 8.67 billion euros, including a rise of 7.4 percent to 2.82 billion euros for champagne, FEVS said.    

In Britain, France's second biggest export market for wine and spirits, sales rose by 2.7 percent to 1.33 billion euros. Champagne sales to Britain, though, fell about 4-5 percent, hurt by the euro's rise against the pound after the Brexit vote.    

(Reporting by Pascale Denis; writing by Sybille de La Hamaide; Editing by Brian Love and Jane Merriman)

Stocks mentioned in the article
ChangeLast1st jan.
LANSON-BCC -4.32% 31 Real-time Quote.-1.37%
LAURENT-PERRIER 1.35% 113 Real-time Quote.33.84%
LVMH MOËT HENNESSY VUITTON SE 0.86% 300.05 Real-time Quote.21.23%
PERNOD RICARD 0.54% 139.8 Real-time Quote.5.38%
RÉMY COINTREAU 0.98% 123.7 Real-time Quote.6.06%
VRANKEN-POMMERY MONOPOLE -0.82% 24.2 Real-time Quote.3.39%
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Latest news on LANSON-BCC
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Financials (€)
Sales 2018 266 M
EBIT 2018 20,5 M
Net income 2018 12,0 M
Debt 2018 497 M
Yield 2018 1,39%
P/E ratio 2018 19,40
P/E ratio 2019 17,42
EV / Sales 2018 2,74x
EV / Sales 2019 2,62x
Capitalization 232 M
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Mean consensus HOLD
Number of Analysts 2
Average target price 30,7 €
Spread / Average Target -5,4%
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Managers
NameTitle
Bruno Paillard Chairman & Chief Executive Officer
Nicolas Roulleaux Dugage CFO, Secretary General & Director-Administration
Philippe Baijot Director & Deputy Chief Executive Officer
Evelyne Roques-Boizel Director & Deputy Chief Executive Officer
Michel Shapira Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LANSON-BCC-1.37%264
CONSTELLATION BRANDS-6.68%40 804
WULIANGYE YIBIN CO., LTD.--.--%36 325
JIANGSU YANGHE BREWERY JSC LTD.--.--%24 785
LUZHOU LAOJIAO CO LTD--.--%10 194
TREASURY WINE ESTATES LTD13.41%9 448