Q3 2022 Business Groups Review
Wines & Spirits - Excellent performance for Champagne brands;
Hennessy kept growing in Q3 thanks to firm price policy
REVENUE
CHAMPAGNE
& WINES
+ 32%
vs 9M 2021
REVENUE
COGNAC
ΧΟ
& SPIRITS
Hennessy
+16%
vs 9M 2021
Champagne & Wines
Sustained growth in Q3
Continued strong demand in the US, Japan and Europe, led by tourism recovery
- Firm price increase policy
Structure impact of Armand de Brignac, consolidated since May 2021
- Continued international development of Château d'Esclans
- Completed acquisition of Joseph Phelps Vineyards in Napa Valley, California
Cognac & Spirits
Value creation strategy drove cognac growth; China impacted
by health restrictions
- Hennessy performance impacted by health restrictions in China and
logistical disruptions in the US, offset by positive price effect
Roll out of Hennessy x NBA partnership in all markets
Strong momentum of Glenmorangie and Ardbeg
Excellent performance of Belvedere vodka
10
Q3 2022 revenue Wines & Spirits
LVMHView entire presentation