First quarter sales increase 3% to EUR1.69bn [US$1.85bn]
'Cognac & Spirits' division down 5% in three months to end of March to EUR899m
'Champagne & Wines' climbs 14%, sales hit EUR796m
Moët Hennessy has started this year as it finished the last, with a low single-digit lift in quarterly sales.
The wine and spirits division of LVMH saw its top line come in up 3% during the three months to the end of March. In January, the Hennessy Cognac owner delivered a rise of 4% in the closing quarter of 2022, with its 'Champagne & wines' unit outperforming 'Cognac & spirits'
Moët Hennessy maintains single-digit sales rise in Q1 – results data
Moët Hennessy has started this year as it finished the last, with a low single-digit lift in quarterly sales.

Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.



