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.
Liz Palmer
@champagnehouses