Press release date:

27/01/2020 - 5:45pm

Reims, Monday January 27, 2020 - 5:45 pm

The LANSON-BCC Group is reporting €250.29m in consolidated revenues for 2019, down -9.8%.

Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues came to €246.16m, down -9.5%.

Revenues (€m)

2019

2018

Change (%)

H1

79.47

88.20

-9.9

H2

170.81

189.30

-9.8

Year to December 31

250.29

277.50

-9.8

According to the CIVC's initial estimates, the global Champagne wine market decreased in volume by
- 1.6% in 2019 to 297.4 million bottles shipped, but with contrasting trends depending on the destination: -4% for France, +1% for Europe and +0.4% for the rest of the world.

In this context, if our most exporting Maisons, which serves traditional customers, obtained respectable performances, the two Group's Maisons most exposed to mass retail sector - Chanoine Frères and especially Maison Burtin - were unable to reflect the increase in the price of grapes (+22.6% cumulative over 10 years) in their selling prices. In addition, there was a negative volume effect linked to the delicate rollout of the French Egalim Law. The losses recorded in this mass retail sector will have a significant impact on the expected 2019 full-year earnings.

The fourth quarter's consolidated revenues represent 50% of consolidated revenues for the full year.

2019 full-year earnings will be released on Wednesday March 18, 2020 (after close of trading).

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Lanson-BCC SA published this content on 27 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2020 17:44:02 UTC