WINES & SPIRITS Ongoing normalization of demand that began in 2023
Dom Pérignon
Revenue €5,862m -8% vs 2023(1)
Profit from recurring operations €1,356m -36% vs 2023
Operating margin 23.1%
(1) With comparable structure and constant exchange rates.
Dom Pérignon
Revenue for Wines & Spirits was down 8% (organic). Profit from recurring operations was down 36%, notably due to exchange rate fluctuations.
After three exceptional years, the post-Covid normalization of demand for champagne and cognac, which began in 2023, continued amid a certain slowdown in consumption and a more challenging market environment in China. LVMH’s champagne houses maintained their market share of more than 22% of all Champagne-appellation shipments. Revenue for Hennessy cognac was held back by weaker local demand. In Provence rosé wines, Château d’Esclans stepped up its international expansion. The joint venture with Beyoncé Knowles-Carter gave rise to a new American whisky, SirDavis. A partnership with French Bloom, the market leader in premium alcohol-free sparkling wine, was also announced.