TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Lanson-BCC ( (FR:ALLAN) ) has issued an announcement.
LANSON-BCC Group reported a 21.7% decrease in income from ordinary operations in 2024, due to lower shipment volumes and increased costs, including a 60% rise in finance costs. Despite these challenges, the company improved its financial structure and plans to propose a dividend of €0.90 per share. The global Champagne market saw a 9.2% decline in shipment volumes, impacting LANSON-BCC’s revenues, which fell by 6.0%. The company remains focused on its strategy to enhance its position in the high-end wine market.
More about Lanson-BCC
LANSON-BCC Group is a family-owned company specializing in the production of Champagne. It focuses on high-end wines and aims to strengthen its position in the luxury wine market. The company is committed to a long-term value development strategy, despite challenges such as grape price inflation and increased stock financing costs.
YTD Price Performance: 5.78%
Average Trading Volume: 29
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €250.2M
For a thorough assessment of ALLAN stock, go to TipRanks’ Stock Analysis page.