LVMH records strong growth in 2012

Louis Vuitton Möet Hennessy (LVMH) recorded revenue of €28.1 billion in 2012, an increase of 19% compared to 2011.

MoetThe luxury products group saw organic revenue growth of 9% and all its business groups enjoyed “excellent momentum” in Europe, Asia and the US.

The wine and spirits arm of LVMH recorded organic revenue growth of 11% and profits from “recurring operations” increased by 14%. Demand for LVMH wines and spirits remained strong in 2012, which continued the favourable trend for the market from 2011.

Bernard Arnault, chairman and CEO of LVMH, said: “2012 was another remarkable year for LVMH, especially in the context of the economic slowdown in Europe. All of our businesses demonstrated excellent momentum driven by innovation and the quality of their products, thereby strengthening their positions in traditional markets while continuing to develop in new ones.”

The company also said that “improved product mix and a policy of adjusted price” worked in addition to volume growth to help LVMH’s strong performance in the wine and spirits market.

Sparkling and still wines from the group’s Estates and Wines division experienced strong growth, while Champagne recorded a “strong performance” in its rosé and prestige vintages.

On the spirits side of the business LVMH reported that Hennessy Cognac saw a “very good year in all regions”, while Belvedere vodka enjoyed “good momentum outside the US”. The single malt whiskies Glenmorangie and Ardbeg recorded “rapid increases” in their key markets.

Arnault added: “Looking beyond the appeal of our brands, it is the talent of our teams and their motivation that enables us to so effectively execute our strategy. In 2013, LVMH intends to further strengthen its global leadership position in high quality products by relying on its sound, long-term strategy.”

The good figures from LVMH followed a similarly strong performance for Diageo, which reported its half-yearly results on Thursday.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Events Executive

67 Pall Mall
Pall Mall, London SW1Y 5ES, UK

Fine Wine Sales Executive

Roberson Wine
London, UK

Account Manager - London Trade Sales

Bancroft Wines Ltd
London, UK

Brand Manager

Elixir Distillers
Park Royal, London UK

Marketing Assistant

Speciality Brands
Park Royal, London, UK

Key Account Manager

MMI Maldives
Maldives

Financial Controller

London City Bond
Barking, UK

Duty Manager

The Whisky Exchange
Great Portland Street, London

Spirits Advisor

The Whisky Exchange
London, UK

Millésime Bio 2020

Montpellier,France
27th Jan 2020

Maisons Marques et Domaines Annual Tasting

London,United Kingdom
29th Jan 2020

Austrian Wine Tasting

London,United Kingdom
3rd Feb 2020
Click to view more