Moët Hennessy Continues With Value Creation Strategy
The Wines & Spirits business of LVMH (Moët Hennessy Louis Vuitton), the world’s leading luxury products group, achieved organic revenue growth of 6% to Eur4.19 billion in 2013. Profit from recurring operations increased by 9% to Eur1.37 billion.
In an environment marked by good momentum in Asia and the United States, and a contrasted market in Europe, Moët Hennessy continued to reap the rewards of its value creation strategy – a focus on the high-end range, a strict pricing policy and a strong dynamic of innovation.Champagnesaw sustained demand for its prestige vintages. Sparkling and still wines recorded solid performances. Hennessy cognac’s growth was driven by the American market. Glenmorangie and Ardbeg Scotch whiskies recorded rapid increases in volumes. Momentum across all brands was supported by Moët Hennessy’s powerful and flexible distribution network and sustained investments.
At group level, LVMH recorded revenue of Eur9.1 billion in 2013, an increase of 4% over the previous year. Organic revenue growth was 8%. Profit from recurring operations rose 2% to Eur6.02 billion, exceeding the Eur6 billion mark for the first time.
