LVMH POSTS “OUTSTANDING GROWTH IN WINE AND SPIRITS.”
LVMH Moet Hennessy wines and spirits sector reported a strong increase in volume and improvement in product mix for 2006. Organic revenue was up 14% with growth accelerating in the last quarter of the year, and profit from recurring operations increasing 11% to 962 million euros.
The champagne business saw a continuous growth in volume over the period, while Veuve Clicquot recorded especial growth in the U.S. and the U.K.
Hennessy cognac recorded the highest growth in 2006, notably the U.S.
The repositioning of Glenmorangie whisky continued successfully in all of its markets, said the company, and helped strengthen its position in the U.S and Europe. Belvedere vodka also saw growth.
The champagne business saw a continuous growth in volume over the period, while Veuve Clicquot recorded especial growth in the U.S. and the U.K.
Hennessy cognac recorded the highest growth in 2006, notably the U.S.
The repositioning of Glenmorangie whisky continued successfully in all of its markets, said the company, and helped strengthen its position in the U.S and Europe. Belvedere vodka also saw growth.
posted at 2:45 PM
<< Home