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. 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 Champag ...

Core Viewpoint - EPSIUM ENTERPRISE LIMITED addresses recent unusual trading activity in its shares, clarifying that it is not related to any changes in business fundamentals or financial performance [2][3]. Company Operations - The company confirms that its operations remain stable, with normal functioning of supply chain and distribution channels, and no corporate events that could explain the stock price fluctuations [2][3]. - EPSIUM maintains long-standing relationships with suppliers and customers, and continues to execute its strategic priorities aimed at expanding market presence and delivering sustainable growth [3]. Financial Outlook - EPSIUM's financial outlook and long-term strategic objectives are consistent with previous disclosures, indicating no significant changes in its business strategy [3]. Corporate Governance - The company emphasizes its commitment to transparency, timely disclosure, and compliance with securities laws, urging investors to rely on official communications for accurate information [4][5]. Company Background - EPSIUM, through its Macau operating entity, Companhia de Comercio Luz Limitada, is engaged in importing and wholesaling premium alcoholic beverages, with a significant focus on high-end Chinese liquor [6].

Core Insights - LVMH is a prominent French luxury conglomerate with a diverse portfolio that includes watches, fashion, and champagne, featuring globally recognized brands such as Louis Vuitton, Dior, and Moët [1] Group 1 - LVMH's brands have a rich history and are well-known worldwide, contributing to the company's strong market presence [1]

Core Insights - The Laurent-Perrier Group reported a decline in annual results for the financial year 2024-2025, with a notable decrease in champagne sales and overall revenue, but maintained a high level of profitability [1][4][10] Financial Performance - Champagne sales decreased by 6.8% to €282.9 million compared to the previous financial year [3][5] - Group revenue fell by 5.8%, amounting to €294.4 million [3] - Operating profit decreased by 21.8% to €74.4 million, with an operating margin of 26.3%, down from 31.3% [3][4] - Net profit attributable to the Group was €47.4 million, representing a 25.4% decline from the previous year [3][7] - Earnings per share dropped to €8.02, a decrease of €2.72 [3] Cash Flow and Financial Structure - Operating cash flow was negative at -€11.2 million, a decline of €12.1 million from the previous year [3][8] - The Group's equity attributable to shareholders increased to €627.3 million, while net debt rose to €220.2 million, resulting in a gearing ratio of 0.35 [9][15] Market Context - The global champagne market experienced a volume decline of 5.8% during the reporting period [4][5] - The Group's sales volume decreased by 6.0%, reflecting broader market trends [5][6] Strategic Outlook - The Group continues to invest in brand support and business development, aiming to maintain its high operating margin despite market challenges [4][6][10] - Laurent-Perrier remains focused on the high-end champagne market, leveraging its strong brand portfolio and distribution control [10][11]