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Hennessy: 9% volume growth

19 April 2012 No Comment

Hennessy is doing good business! Their mother; LVMH Moet Hennessy Louis Vuitton, the world’s leading high quality products group, recorded a 25% increase in first quarter 2012 revenue to 6.6 billion Euros. Organic* revenue growth was 14% compared to the same period in 2011.

The Group continued its excellent momentum at the start of the year with particularly fast growth in Asia and in the United States and good progress in Europe despite the contrasting environment.

In Fashion & Leather Goods, Louis Vuitton continued its double-digit growth thanks to sustained demand across all of its product categories. The other brands continued their rapid expansion. The Wines & Spirits business as well as that of Perfumes & Cosmetics saw an acceleration in revenue growth compared to the trends seen in the fourth quarter of 2011. Watches & Jewelry and Selective Retailing continued their rapid growth.

Revenue by business group:

        In million euros                    Q1 2012   Q1 2011       % Change
                                                                Q1 2012 / Q1 2011
                                                               Reported  Organic*
        ---------------------------------  -------   -------   --------  --------
        Wines & Spirits                       926       762     + 22 %    + 16 %
        ---------------------------------  -------   -------   --------  --------
        Fashion & Leather Goods              2 374     2 029    + 17 %     + 12%
        ---------------------------------  -------   -------   --------  --------
        Perfumes & Cosmetics                  899       803     + 12 %     + 9 %
        ---------------------------------  -------   -------   --------  --------
        Watches & Jewelry                     630       261     +141 %     +17%
        ---------------------------------  -------   -------   --------  --------
        Selective Retailing                  1 823     1 421    + 28 %    + 18 %
        ---------------------------------  -------   -------   --------  --------
        Other activities and eliminations    (70)      (29)        -         -
        ---------------------------------  -------   -------   --------  --------
        Total                                6 582     5 247     +25 %    + 14 %
        ---------------------------------  -------   -------   --------  --------
        *with a comparable structure and constant exchange rates

The Wines & Spirits business group recorded organic revenue growth of 16% in the first quarter of 2012. Champagne registered volume growth of 5% during the period and its prestige brands continued to perform well. Hennessy cognac had an excellent start to the year across all of its product qualities with volume growth of 9% and positive impacts from its product mix and significant price increases.

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