The parent company of Moët & Chandon in the UK experienced a sales decrease of £25m to £267.1m in its full-year results, according to a recent Companies House Filing.

The firm’s operating profit decreased by £5.6m to £18.3m compared to £23.9m in the year prior. Post-tax profit for the year reduced to £12.7m from £16.1m in the same period.

In a statement, Moët Hennessy UK said: “The year ended 31 December 2024 concluded with a good performance for the company despite difficult trading conditions characterised by ongoing economic volatility and continued inflationary pressure.

“In a highly competitive market context, the company has maintained a stable market share. The results have been achieved through the company’s continued focus on the distribution and development of premium brands.”

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The business stated that the decrease in sales was driven by an overall decline across the alcohol industry, in particular the high-end champagne and spirits sectors.

Moving forward, the drinks manufacturer said it will continue to monitor the ‘’cost-of-living” crisis, as falling consumer spending levels and a deterioration of the UK economy affect the business.