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Champagne helps to fuel LVMH 2015 sales rise
Feb 4, 2016
(Decanter) - Strong performances from its Champagne and wine brands helped luxury goods group LVMH Moët Hennessy Louis Vuitton to a 16% increase in revenues last year.
The company, which owns Moët & Chandon, Veuve Clicquot, Dom Pérignon, Ruinart and Krug Champagnes, as well as wines including Châteaux Cheval Blanc and d’Yquem, and Cloudy Bay, posted total net sales up by 16% (or 6% on an organic basis) to €35.7bn in 2015.
Of that figure, its Moët Hennessy wines and spirits division contributed €4.6bn, up 16% or 6% organically. Champagne and wine sales specifically rose more slowly, but still increased by 12% (6% organically) to €2.2bn for the year.
Total profit was up 16% to €6.6bn, with the earnings from Champagne and wines rising 13% to €641m.
Champagne volumes increased 3%, LVMH said, with ‘sustained growth’ in Europe, the US and Japan, alongside the ‘rapid development’ of its Estates & Wines business.
‘Buoyed by solid performances in the United States, Europe and Japan, Moët & Chandon achieved record volumes and strengthened its leading market position,’ the company added.
Meanwhile, Veuve Clicquot ‘built on its market-leading position in the United States’, and Krug continued its momentum in the US, also developing in Europe and making solid progress in Japan and the Asia-Pacific region.
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