Press release date:
01/02/2018 - 5:45pmReims, Thursday February 1, 2018 - 5:45 pm
The LANSON-BCC Group is reporting 261.59 million euros in consolidated revenues for 2017 (+0.9%).
Excluding the brokerage subsidiary, whose activity is traditionally subject to fluctuations, the Group's consolidated revenues came to 256.36 million euros (+1.6%).
Revenues (€M) | 2017 | 2016 | Change (%) |
Nine months | 135.9 | 144.2 | - 5.8 |
Fourth quarter | 125.7 | 114.9 | + 9.4 |
Full year | 261.6 | 259.1 | + 0.9 |
According to the CIVC's initial estimates, the global Champagne wine market grew +0.5% in 2017, with 307.7 million bottles shipped, but with contrasting trends depending on the destination: -2.4% for France, -1.1% for Europe and +8.8% for the rest of the world. Sales for the Group's Houses were down slightly in France, the UK (combined with a negative exchange effect of 6.5%) and Europe. The progress made on many other exports destinations didn't fully offset the contraction in traditional markets.
Consolidated revenues for the fourth quarter, representing 48% of the full-year figure for 2017, benefited from a more dynamic end to the year than in 2016.
2017 earnings will be released after close of trading on Thursday March 29, 2018.
Lanson-BCC SA published this content on 01 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 February 2018 16:49:01 UTC.
Original documenthttp://www.lanson-bcc.com/en/node/734
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