Lanson group records loss of earnings

Champagne, Lanson-BCC, CIVC, Wimbledon, Asia, Scandinavia News Wine News http://decanter.media.ipcdigital.co.uk/11150/000004d07/fe63_orh100000w160/lanson.jpg http://decanter.media.ipcdigital.co.uk/11150/000004d07/82ed/lanson.jpg
  • Friday 5 April 2013

Lanson-BCC has registered a 11.4% fall in turnover in 2012, as global Champagne shipments fell to 308.8 million bottles last year - 4.4% less than in 2011 according to data from the CIVC (Le Comité Interprofessionnel du vin de Champagne).

Lanson

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.


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