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.
The Group recorded excellent momentum in Europe and the United States.
Louis Vuitton recorded an excellent start to the year while the Wines &
Spirits were penalized by the end of the destocking in China.
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 Fashion & Leather Goods business group grew despite the
very high comparable period in 2014, particularly in Japan. Louis
Vuitton again displayed strong creative momentum with growth in its
legendary lines and the unveiling of many new products at its most
recent shows. Fendi, Céline, Givenchy, Kenzo and Berluti experienced an
excellent quarter.
In Perfumes & Cosmetics, organic revenue growth was 6% in the
first quarter of 2015. Christian Dior continued to see good momentum
early this year thanks to the ongoing success of its iconic perfumes J’adore
and Miss Dior and the excellent performance of the make-up
segment. Guerlain continued the roll out of its new fragrance L’Homme
Idéal and inaugurated its new production facility in Chartres which
is dedicated to skincare and make-up. Driven by the success of its
innovative products, Benefit performed very well. Fresh and Make Up For
Ever are expanding rapidly.
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.”
Copyright Business Wire 2015