Champagne major Lanson-BCC has again declined to issue annual financial forecasts after reporting a mixed set of half-year numbers.
The company booked better revenues but falling earnings for the first half of 2025 amid higher production and finance costs.
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Revenues rose almost 5% due to a “favourable price/product mix” and despite Lanson shipping lower volumes year-on-year.
In a note alongside the publication of the company’s first-half results, Lanson said: “Due to the highly seasonal nature of Champagne sales, the results for the first half cannot be extrapolated over the full year.
“Traditionally, around one-third of annual sales are generated during the first half, which also bears around half of the fixed costs for the year.
“In an uncertain economic and geopolitical environment, and with no visibility over the end of the year, Lanson-BCC is not releasing full-year forecasts.”
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By GlobalDataFirst-half revenues stood at €92.1m ($107.8m), an increase of 4.8% year-on-year.
Export sales came in just under half of the group’s revenues against 52.4% in the first six months of 2024. The business pointed to lower shipments to the US and Asia.
However, Lanson’s gross margins fell and its income from ordinary operations slid 11.9% to €10.9m.
Amid a 15.4% rise in finance costs, the company’s net income tumbled 49.7% to €1.9m.
Lanson said the hike in finance costs was due to “the high level of aging credit facilities and the rising average cost of debt”.
