FRANCE: Lanson, Burtin buys boost Boizel profits

By just-drinks.com editorial team | 5 April 2007

First-time contributions from Champagne houses Lanson and Burtin have boosted a leap in annual profits at Boizel Chanoine Champagne.

Boizel, which bought the two houses in March last year, said today (5 April) that its EBITDA almost trebled to EUR45.6m (US$61.3m) in 2006. Turnover leapt to EUR311.3m, up from EUR97.1m a year earlier.

Boizel's buoyant results follow yesterday's similarly healthy figures from Vranken-Pommery Monopole and Champagne Jacquart. All three companies have benefited from the growing global demand for Champagne.

Vranken-Pommery Monopole posted an 11% jump in profits thanks to rising sales and growing demand for top-end Champagne, while Champagne Jacquart saw sales rise by 12% last year. Some 60% of Champagne Jacquart's sales are made outside France and the house saw export sales leap 30% last year thanks to growth in the UK and Asia.

Sectors: Wine

Companies: Vranken-Pommery Monopole, Boizel Chanoine Champagne