FRANCE: Champagne, Cognac both strong in LVMH Q1

By | 18 April 2012

LVMH Moët Hennessy Louis Vuitton issued its Q1 update earlier today

LVMH Moët Hennessy Louis Vuitton issued its Q1 update earlier today

LVMH Moët Hennessy Louis Vuitton has posted a healthy leap in sales for the first three months of 2012.

The French luxury goods group, which owns the Moët & Chandon Champagne business and the Hennessy Cognac brand, said earlier today (18 April) that sales from the unit in the first quarter jumped by 22% on a reported basis year-on-year to EUR926m (US$1.21bn). Both the Champagne and Cognac units were singled out in the trading update for their healthy performances.

Champagne delivered volume growth of 5% in the period, with its prestige brands continuing to "perform well", LVMH said. Hennessy Cognac, meanwhile, had an "excellent" start to the year across the full range, with volume growth of 9% and positive impacts from its product mix and price increases.

The LVMH group as a whole posted a 25% rise in sales, to EUR6.6bn.

The company's share price slipped back by 1.5% in early trading this morning.

Half-year results, including profit performance, will be released in late-July.

To read the official announcement, click here.

Expert analysis

LVMH Moet Hennessy Louis Vuitton SA - Strategy and SWOT Report

LVMH Moet Hennessy Louis Vuitton SA - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.

Sectors: Company results, Spirits, Wine

Companies: LVMH

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