LVMH Results Presentation Deck
Wines & Spirits - Strong start to 2022 for the Champagne brands,
driven by Europe and Japan; Hennessy impacted by US supply constraints
9
Beaut
Champagne & Wines
Strong start to year
VOLUME
CHAMPAGNE
+ 14%
vs Q1 2021
- Robust demand, driven by Europe and Japan, benefiting from on-trade
recovery and gradual return of regional tourism
- Q1 integration of Armand de Brignac beginning May 2021
- Solid momentum of Château d'Esclans, début in UK market
- Encouraging performance of Chandon
| Q1 2022 revenue - Wines & Spirits
VOLUME
HENNESSY
- 18%
vs Q1 2021
Cognac & Spirits
Continued tight supply in US and Covid resurgence in China
impacted performance
- Hennessy: volume impacted by supply and logistic constraints, in the US
in particular, partly compensated by continued positive price impact
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- China performance penalized by trade stock monitoring, Covid resurgence
and unfavorable 2022 Chinese New Year calendar
- Rapid growth of Belvedere vodka as well as Glenmorangie and Ardbeg
whiskies
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