LVMH Results Presentation Deck
Wines & Spirits - Strong start to 2023 for the Champagne brands; Hennessy
seeing gradual recovery in China and softer US market
that Twierd
P
Danivart
ORGANIC
REVENUE
CHAMPAGNE
& WINES
+ 14%
Champagne & Wines
Strong start to year driven by positive price effect
10
Continued robust progress in all regions
- Launch of new Lady Gaga campaign for Dom Pérignon
Started construction of new Nicolas Ruinart Pavillon in Reims, including new visitor
centre, showroom and boutique
Continued international development of Château d'Esclans; strategic alliance with
Minuty estate, including acquisition of a majority stake
Chandon performing well thanks to healthy start for Garden Spritz
- First Q1 integration of Joseph Phelps Vineyards, consolidated since Dec. 2022
| Q1 2023 revenue — Wines & Spirits
Kim Jongs
Hermiy
X1
ORGANIC
REVENUE
COGNAC
& SPIRITS
- 5%
Cognac & Spirits
China recovering from Covid impact while US impacted by softer
economic environment
- Hennessy volumes down due to softer US economic environment and high
inventory levels
China demand gradually recovering from Covid effect
- Collaboration between Hennessy X.O and fashion designer Kim Jones, featuring
a collectible sneaker, a couture decanter and a cognac bottle
- Inauguration of a new Hennessy X.O & Paradis space at La Samaritaine
Solid momentum of Belvedere vodka and Glenmorangie whiskies
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