Group 1: Company Performance - Lanson-BCC's consolidated revenue for 2025 was €233.3 million ($275.5 million), reflecting a decline of 8.7% compared to the previous year [1] - The company experienced a significant drop in sales during the fourth quarter, attributed to a highly competitive promotional environment [3] - Revenue in France decreased by 10.7%, particularly in mass retail channels, with France representing nearly 45% of Lanson-BCC's volumes [3] Group 2: Market Trends - The overall Champagne sector's volumes fell by almost 2% in 2025, indicating a challenging market environment [1] - Total Champagne sales in France reached 114 million bottles, down 3.7% from 2024, while exports decreased by 0.8% to nearly 152 million bottles [2] - The Champagne market is characterized by a slight decline in consumption, ongoing geopolitical uncertainties, and trade tensions impacting the US market [2] Group 3: Strategic Developments - Lanson-BCC completed the acquisition of Heidsieck & Co. Monopole at the beginning of the year, with the deal valued at €50 million [4]