French luxury powerhouse LVMH Moet Hennessy Louis Vuitton has reported an 11% rise in full-year revenues from its wine and spirits business.
 
The unit, which sells a stable of brands including Hennessy Cognac and Veuve Clicquot Champagne, recorded organic revenue growth of 11% in 2005, posting revenues of EUR2.3bn (US$2.8bn).

"The product mix has been further improved thanks to the quality and high-end positioning of the division's portfolio of champagne brands and to strong momentum in innovation," the company said yesterday (19 January).
 
"Furthermore, the business group benefited from close adherence to its pricing policies. Moët et Chandon consolidated its European leadership and saw strong development in Japan, most notably with the success of the Moët Rose. Veuve Clicquot, Krug and Dom Perignon performed particularly well in the US and Japan."

Hennessy Cognac saw strong volume growth, with sales up 9% for the year. The high-end ranges achieved robust growth, while Russia, the US and China its strongest markets.

LVMH said group revenue for 2005 reached EUR14bn. The company credited an exceptionally strong year-end, with revenues for its fourth quarter up 13% to EUR4.3bn

LVMH will announce its profit figures, which it expects to come in at double-digit growth, on 2 March.