LVMH: FIRST QUARTER REVENUE INCREASE OF 16%

New York, 13/04/2015 (informazione.it - comunicati stampa - moda)

 

Paris, 13 April 2015

 

LVMH Moët Hennessy Louis Vuitton, the world's leading high quality products group, recorded a 16% increase in first quarter 2015 revenue to 8.3 billion Euros. Organic^* revenue growth was 3% compared to the same period in 2014.

 

 

Revenue by business group:

 

In million euros	Q1 2015	Q1 2014	% Change Q1 2015 / Q1 2014
			Reported	Organic*
Wines & Spirits	992	888	+ 12 %	- 1 %
Fashion & Leather Goods	2 975	2 639	+ 13 %	+ 1 %
Perfumes & Cosmetics	1 094	941	+ 16 %	+ 6 %
Watches & Jewelry	723	607	+ 19 %	+ 7 %
Selective Retailing	2 656	2 222	+ 20 %	+ 5 %
Other activities and eliminations	(117)	(91)	-	-
Total	8 323	7 206	+ 16 %	+ 3 %

* with comparable structure and constant exchange rates. The exchange rate impact is +13%.

 

 

The Wines & Spirits business group recorded stagnant organic revenue in the first quarter of 2015 as a result of the continued destocking by distributors in China. Despite the situation in this region, Hennessy cognac displayed an overall increase in volume due to the strength of the US market. Other spirits, Glenmorangie and Belvedere, continue to grow. Champagne experienced a good start to the year with solid volume growth.

 

 

 

The Watches & Jewelry business group recorded organic revenue growth of 7% in the first quarter of 2015. Bvlgari continues to deliver good growth driven by the success of its iconic jewelry collections and its new Lvcea watch for women. Hublot had a very good start to the year while TAG Heuer continued to refocus on its core offering. LVMH watch brands introduced several innovations at the Basel watch fair, during which a partnership between TAG Heuer, Google and Intel to launch a smartwatch was announced.

 

In Selective Retailing, organic revenue growth was 5% in the first quarter of 2015. DFS continued to be faced with a complex situation in Asia and has been impacted by currency and geopolitical developments in certain tourist destinations. Sephora had a remarkable performance and continued to gain market share in all regions. The same-store revenue growth is particularly strong in North America and the Middle East. Online sales are expanding very rapidly.

 

LVMH will continue to focus its efforts on developing its brands, will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution. The Group will rely on the talent and the motivation of its teams, the diversification of its businesses and the good geographical balance of its revenue to increase, once again in 2015, its global leadership position in luxury goods.

 

During the quarter and to date, no events or changes have occurred which could significantly modify the Group's financial structure.

Regulated information related to this press release and presentation available on our internet site www.lvmh.com

 

 

 

LVMH

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Wen Jun, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton et Numanthia. Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, Nicholas Kirkwood and Loro Piana. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, la Samaritaine and Royal Van Lent. LVMH's Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world's leading diamond group.

 

 

"Certain information included in this release is forward looking and is subject to important risks and uncertainties and factors beyond our control or ability to predict, that could cause actual results to differ materially from those anticipated, projected or implied. It only reflects our views as of the date of this presentation. No undue reliance should therefore be based on any such information, it being also agreed that we undertake no commitment to amend or update it after the date hereof."

 

 

Contacts:
Analysts and investors:	Chris Hollis LVMH	+ 33 1.4413.2122
Media:
France :	Michel Calzaroni/Olivier Labesse/ Sonia Fellmann/Hugues Schmitt	+ 33 1.4070.1189
	DGM Conseil
UK:	Hugh Morrison	+ 44.773.965 5492
Italy:	Michele Calcaterra/ Matteo Steinbach	+39 02 6249991
	SEC and Partners
US:	James Fingeroth/Molly Morse/ Anntal Silver	+1 212.521.4800
	Kekst & Company

 

 

 

Copyright GlobeNewswire

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