Spirits boost strong quarter for LVMH

Strong spirit sales helped boost revenues across French luxury group LVMH Moët Hennessy Louis Vuitton, the company reported today, with Champagne also seeing growth.

(photo: LVMH)

The company saw a good performance across its wines and spirits brands in the first quarter of 2017, with double digit organic revenue growth across the business.

Overall Wine and Spirits revenue grew 15.8% to €1,196 million, compared to €1,033 million in 2015, buoyed by particularly strong spirit sales. There was double digit growth in cognac and spirits, rising nearly 20% to €757 million, up from €632 million a year ago. Cognac brand Hennessey saw volumes up 20%, although it noted potential problems with stocks. The continued development of Glenmorangie and Belvedere were also highlighted, and LVMH confirmed there was recovery in China, as well as good momentum in the US.

Champagnes and wines also grew, albeit less sharply, rising 9.5% to €439, up from €401 million last year. Champagne volumes were up 7%, and there was a “solid performance” across both Europe and the US for its wines, it said.

There was an overall organic growth of 13%, and a positive currency effect contributing 3% across its wine and spirits portfolio.

Overall revenue across the LVMH group reached €9,884 million over the quarter, up from 8,620 milllion in the same period last year. There was strong growth in Asia, up 20% to around 31% of the total revenue, followed by Europe, excluding France, up +20%, and the united States up 9%.

It was, the company statement said a “good start to the year in a very uncertain environment”, but it retained a cautious stance for the rest of the year.

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Your email address will not be published.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.

Subscribe to our newsletters

Sales Support Executive

Davy's
London, UK

Partner Manager – On-trade - Greater London

Maverick Drinks
London/M25 belt, UK

Partner Manager – On-trade - North West

Maverick Drinks
Manchester, UK

Partner Manager – On-trade - West & Wales

Maverick Drinks
Bristol, UK

Partner Manager – On-trade - South East

Maverick Drinks
Brighton, UK

Events Sales Executive

The Drinks Business
Central London, UK

Sale & Operations Manager

Marussia Beverages
Marylebone, London, UK

Prestige Account Manager – Europe

Jackson Family Wines
London, UK

Pink Rosé Festival

Cannes,France
7th Feb 2018

VinoVision Paris

Paris,France
12th Feb 2018

Vinisud

Montpellier,France
18th Feb 2018
Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more