Turnover: 1.873 billion EUR (2021)

Country: France

A member of the LVMH group

Hennessy is a cognac merchant specializing in the marketing of cognac in France and abroad.

Hennessy is a cognac merchant house founded at the end of the 18th century, which has since been acquired by LVMH and has become the group's main instrument for exporting cognac to over 160 countries.

In order to reach, and then exceed, its target of 10 million cases sold by 2020 (a target that will be called into question with the Covid-19 crisis), Hennessy announced in 2018 that it was investing around €1 billion over 10 years to build a new production line and new cellars.

News

The winning cocktail for cognac houses. 05/04/2018

  • The industry is enjoying an incredible upturn. Revenues are growing faster than production.
  • This success is due to the big houses and their unrivalled marketing inventiveness in the wine and spirits sector. Brands have tapped into the taste of Afro-Americans for beverages synonymous with refinement and wealth.
  • The second success factor is the weight of the industry's four major houses: Hennessy (LVMH, owner of Les Echos), Martell (Pernod Ricard), Remy Martin (Cointreau) and Courvoisier (Suntory). They claim over 80% of the market
  • The third key to success is inventiveness. The latest innovation is "craft" cognac, based on the notion of terroir and craftsmanship. Francis Abecassis, head of a 200-hectare estate, has broken new ground in this field. He has established the "single estate cognac" branded ABK6, Leyrat and Reviseur.

14 avril 2021 - A more than encouraging start to the year for Hennessy cognac - source(Sud Ouest)

  • Hennessy to sell 94.6 million bottles in 2020
  • Sales volume up 28% to start 2021
  • Leading luxury goods group Louis-Vuitton-Moët-Hennessy outperforms its first quarters of 2019 and 2020
  • Organic growth estimated at 8%

may 7, 2018 - Hennessy established as cognac leader - source(Sud Ouest)

  • World leader in Cognac in 2017
  • 7.5 million cases shipped (2017)
  • Holds almost half of the cognac market (48.6%)
  • Upmarket strategy
  • More than half of sales concentrated in the United States
  • 20% of French market share

Financial Data

DUNS: 905620035

Legal Name: SOCIETE JAS HENNESSY & C°

Address: 1 RUE DE LA RICHONNE , 16100 COGNAC

Number of employees: Entre 1 000 et 1 999 salariés (2020)

Capital: 16 588 000 EUR


Financial Data:

Year 2021 2020 2019 2018
Turnover 1 873 607 859 1 458 837 195 1 929 451 892 1 607 962 379
Gross margin (€) 1 408 148 121 1 003 581 174 1 350 859 149 1 132 451 934
EBITDA (€) 837 914 773 559 126 119 844 703 202 665 966 765
Operating profit (€) 791 650 463 523 052 482 808 195 633 634 965 908
Net profit (€) 686 066 120 427 469 346 1 331 647 590 609 604 792
Turnover growth rate (%) 28,4 -24,4 20 2,1
Ebitda margin rate (%) 44,7 38,3 43,8 41,4
Operating margin rate (%) 42,3 35,9 41,9 39,5
Working Capital (turnover days) 559 644,1 430,4 426,2
Working Capital requirements (turnover days) 404,4 457,7 330,9 389,2
Net margin (%) 36,6 29,3 69 37,9
Added value / Turnover (%) 50,6 46,8 51,6 47,5
Wages and social charges (€) 116 584 560 100 416 416 100 039 619 90 211 201
Salaries / Turnover (%) 6,2 6,9 5,2 5,6

Company Managers:

Position First Name Last Name Age Linkedin
Président du conseil d'administration, Directeur général Laurent, Charles, René BOILLOT 60

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