Moët Hennessy’s Profits Rise 18% In 2011 On Revenue Increase Of 8%February 3, 2012
Moët Hennessy’s net revenue increased 8% to €3.52 billion ($4.62b) in 2011, as profits from recurring operations for the year jumped 18% to €1.1 billion ($1.44b). Fourth-quarter revenue was up 9.4% to €1.21 billion ($1.59b). Moët Hennessy attributed trading up in the Champagne business as well as strong upward momentum by Hennessy Cognac over the past year as key growth factors.
Moët Hennessy’s company-wide Champagne volume (led by Moet & Chandon and Veuve Clicquot) rose 0.5% to 4.6 million cases globally last year, according to Impact Databank. Meanwhile, Hennessy Cognac posted a 6% increase to roughly 4.9 million cases in 2011, due in large part to increased demand in Asian markets. Glenmorangie Scotch whisky and Belvedere vodka also fared well for the French drinks group.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Champagne, Cognac, Moet Hennessy, vodka, whisky
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