LVMH wine and spirits revenues up 7%

Luxury goods group LVMH Moët Hennessy Louis Vuitton has reported total revenues of €17.2 billion in the first half of 2016, an increase of 3% on the previous year, with its wine and spirits revenues up 7%.

Champagne performed particularly well for the LVMH group, with 5% volume growth posted over the period (photo: LVMH)

LVMH reported a 7% increase in revenues generated by its wine and spirits portfolio

Strong growth in the US and “improved momentum” in China were credited with helping boost revenues within its wine and spirits portfolio, which achieved the biggest jump in growth of LVMH’s business groups, beating perfumes and cosmetics, fashion and jewellery.

Profits generated by the group’s wine and spirits brand’s increased by 17% to €565 million.

The group’s Champagne portfolio, which includes Moët & Chandon, Dom Pérignon and Krug, was said to have performed particularly well in Europe and the US, with prestige vintages highlighted as the category’s key driver.

Other brands owned by LVMH include Glenmorangie, Ardbeg, Belvedere vodka and Hennessy Cognac.

Hennessy recorded strong growth in the American market while momentum improved in China following 2015, which was marked by a period of de-stocking by distributors.

Overall, the group’s total revenues increased by 3% to €17.2bn, while the group’s net profits totalled €1.7bn – an increase of 8% on the previous year.

“LVMH’s results for the first half of 2016 reflect, more than ever, the strength of our business model, which allows us to continue to grow even during an unstable geopolitical environment and economic and monetary uncertainties”, said Bernard Arnault, chairman and CEO of LVMH.

“The diversity of our businesses, the entrepreneurial style of our brands and the agility of our organization all contribute to the growth of the Group. By remaining vigilant, we face the second half of the year with confidence and count on the quality of our products and the talent of our teams to further strengthen our leadership in the world of high quality products in 2016.”

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Your email address will not be published.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

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

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