LANSON-BCC Faces Declining Profits Amid Market Challenges

Lanson-BCC (FR:ALLAN) has released an update.

LANSON-BCC reported a net result of €3.71 million for the first half of 2024, a significant decline from the previous year due to a decrease in Champagne shipments and rising financing costs. Despite the market contraction and economic uncertainties, the company remains dedicated to its strategy of long-term value creation and improving its product mix. The group’s consolidated revenue fell by 19.5%, with a notable decrease in exports, while the cost of financial debt nearly doubled due to higher interest rates.

For further insights into FR:ALLAN stock, check out TipRanks’ Stock Analysis page.