Lanson group records loss of earnings
- Friday 5 April 2013
The loss has been attributed to 'the difficult economic environment and the month of December being less dynamic than hoped for,' the company said.
In a press release issued to decanter.com, the company highlighted their consolidated revenues falling to 274.68 million euros in 2012, compared with 310.15 million euros in 2011. They also posted a fall in net profit to 17.60 million euros, compared with 20.77 million euros (-15.3%) in 2011.
However, due to a reduction of expenses and tax, their net margin only fell to 6.4%, versus 6.7% in 2011.
The group, which was formed in 2006 and renamed as Lanson-BCC in 2010, currently owns seven Champagne Houses, including Philipponnat, De Venoge and Boizel.
'Despite a particularly unfavourable context in Europe, the Group has firmly maintained its strategy: further strengthening the complimentary positioning of its Houses and confirming the value policy applied for several years now,' Lanson-BCC said.
'The Group’s Houses have made a slightly better start to 2013 than 2012, but, at this stage in the year, visibility is still limited. In view of so many uncertainties, the Lanson-BCC Group is therefore not publishing any target figures for 2013,' the company added.
Despite difficult European trading conditions, Lanson-BCC are enjoying some growth in the Asian and Scandinavian markets and plan to unveil a new Lanson Cuvee - White label - at the Wimbledon championships this year.