The firm policy of price increases across all regions offset the effects of the logistical disruptions in the United States and the impact of health restrictions in China. Hennessy cognac was driven by its consistent strategy of value creation. Growth was particularly strong in Europe, the United States and Japan. LVMH’s Champagne Maisons enjoyed excellent momentum, which increased pressure on supplies. The Wines & Spirits business group recorded revenue growth of 23% over the first nine months of 2022 (14% in organic). The structural impact for the Group compared to the first nine months of 2021 was zero and the currency effect was +8 %. * with comparable structure and exchange rates. Asia (including China) saw a lower level of growth over the first nine months of 2022, though growth in the latest quarter accelerated there due to the partial easing of health restrictions. In the third quarter, organic revenue growth was 19%, in line with the trends observed in the first half of the year.Įurope, the United States and Japan, up sharply since the start of the year, benefitted from the solid demand of local customers and the recovery in international travel. LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 56.5 billion euros in the first nine months of 2022, up 28% compared to the same period of 2021.
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