The group’s Champagne business grew steadily, with
volumes up by 4%, while Hennessy volumes increased by 8%, with ‘significant
growth’ in China and the US.


LVMH says all of its business groups recorded double-digit organic growth in
2017, with the exception of its wine and spirits arm, which was limited by
supply constraints.
However, the company added that the inauguration of the new €100 million Pont
Neuf bottling site in October is set to boost production capacity in line with
Hennessy’s growth.

Company Performance

Overall, LVMH (including drinks, fashion, perfume and jewellery) reported
revenue of €42.6 billion in 2017, representing an increase of 13% compared to
the previous year.

“The excellent performance, to which all our businesses contributed, is
due in part to the buoyant environment but above all to the remarkable creative
strength of our brands and their ability to constantly reinvent
themselves,”
 said Bernard Arnualt, chairman and CEO of LVMH.

“In an environment that remains uncertain, we can count on the appeal
of our brands and the agility of our teams to strengthen, once again in 2018,
our leadership in the universe of high-quality products.”

 

Source: Fastmoving