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.
LVMH also highlighted the ‘excellent performance’ of its Chandon sparkling wine brand, alongside ‘promising developments’ at its newly established estates in China and India.
The company pledged to continue to invest in future growth, including the construction this year of a second Moët & Chandon winery in Mont-Aigu.