First Half 2021 Results
FIRST HALF 2021 RESULTS
FIRST HALF 2021 RESULTS
Chandon
LVMH
WINES & SPIRITS
H1 2021 HIGHLIGHTS
7
Sustained demand in the US and strong rebound in China
| CHAMPAGNE & WINES
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Champagne: volumes +57 % vs H1 2020 (+10 % vs H1 2019)
Strong recovery in demand in Europe and the US, especially in Q2 particularly impacted
last year by health crisis
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Successful integration of Provence Rosé, Château d'Esclans
Partnership with Shawn JAY-Z Carter with the acquisition of 50% in Armand de Brignac
Successful launch of Chandon Garden Spritz, blend of Argentinian sparkling wine with
natural extracts of orange peel
| COGNAC & SPIRITS
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Hennessy: volumes +24 % vs H1 2020 (+6% vs H1 2019) despite tight supply
Sustained growth of American market, especially for Hennessy VS, which far exceeded
2019 levels
Strong revenue rebound in China over first half
Very strong momentum of Glenmorangie and Ardbeg Scotch whiskies
WINES & SPIRITS
2021 OUTLOOK
LVMH
ΧΟ
Hennessy
| Strengthen value creation strategy, based on authenticity and product excellence
| Manage supply constraints, compounded by excellent momentum of H1
| Pursue product innovations and adapt to new ways of consumption
| Accelerate online sales, notably through partnership with Campari
| Confirm actions to protect the environment - strengthen efforts on reforestation and
biodiversity
Hennessy
LVMH
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