WINES & SPIRITSSTRONG GROWTH IN CHAMPAGNE AND GOOD PROGRESS OF HENNESSY
Ruinart
Revenue €3,327m +14% vs H1 2021(1)
Profit from recurring operations €1,154m +25% vs H1 2021
Operating margin 34.7%
(1) With comparable structure and constant exchange rates.
Ruinart
The Wines & Spirits business group recorded organic revenue growth of 14% in the first half of 2022. Profit from recurring operations was up 25% compared to the first half of 2021.
Against a backdrop of strong demand, champagne volumes were up 16% compared to the first half of 2021, leading to increasing pressure on supplies. Momentum was particularly good in Europe, the United States and Japan. For Hennessy, the impact of health restrictions in China and logistical disruptions in the United States was offset by the strong rebound in the second quarter linked to a catch-up in deliveries to the United States and a firm policy of price increases. Moët Hennessy strengthened its global portfolio of exceptional wines with the signing of an agreement to acquire the Joseph Phelps Vineyards, one of the most renowned wine properties in Napa Valley, California.