Paris, 12 October 2015
LVMH Moët Hennessy Louis Vuitton,
the world's leading luxury products group, recorded an 18% increase
in revenue, reaching €25.3 billion, for the first nine months of
2015. Organic revenue grew 6% compared to the same period in
2014.
With organic revenue growth of 7%
for the third quarter, the trend remains comparable to that
recorded in the first half of the year. The Group continues to
deliver strong growth in Europe and the United States, and is
seeing an acceleration in Japan.
Revenue by business group:
In million euros |
9 months 2015 |
9 months 2014 |
Change 2015/2014
first 9 months
Reported Organic* |
Wines & Spirits |
3 129 |
2 625 |
+ 19 % |
+ 7 % |
Fashion & Leather Goods |
8 872 |
7 677 |
+ 16 % |
+ 5 % |
Perfumes & Cosmetics |
3 261 |
2 800 |
+ 16 % |
+ 7 % |
Watches & Jewelry |
2 404 |
1 972 |
+ 22 % |
+ 10 % |
Selective Retailing |
7 905 |
6 616 |
+ 19 % |
+ 5 % |
Other activities & eliminations |
(283) |
(293) |
ns |
ns |
Total |
25 288 |
21 397 |
+ 18 % |
+ 6 % |
* With comparable
structure and constant exchange rates.
The Wines &
Spirits business group recorded organic revenue growth of 7% in
the first nine months of 2015 with a notable acceleration in the
third quarter. Champagne volumes experienced growth of 5% over the
period driven by good performance in its main markets. Hennessy
cognac, whose volumes increased 12%, benefited in the third quarter
from a strong rebound in shipments to China and continued excellent
momentum in the United States. Other spirits, Glenmorangie and
Belvedere, continue to grow rapidly.
The Fashion &
Leather Goods business group recorded organic revenue growth of
5% for the first nine months of 2015. Louis Vuitton continued its
growth and displayed strong creative momentum in all of its
collections. Leather goods in particular saw great success with the
creativity around Monogram and the
craftsmanship on leather. The store evolution, the opening of the
house at Asnières on the same site as Louis Vuitton's historic
workshop, marked the third quarter. Fendi generated strong revenue
growth thanks to the excellent performance of all its products.
Loro Piana continued the qualitative development of its store
network. Céline, Givenchy and Kenzo experienced sustained revenue
growth. Marc Jacobs and Donna Karan continued the repositioning of
their collections.
The Perfumes
& Cosmetics business group recorded organic revenue growth
of 7% for the first nine months of 2015. Parfums Christian Dior
continued to benefit from the momentum of its iconic fragrances
J'Adore, Miss Dior and Dior
Homme, and launched, with great success, its new men's
fragrance Sauvage. The make-up segment also
contributed to the excellent performance of the brand thanks to its
latest innovation Dior Addict Lipstick.
Guerlain was boosted by the growing success of its perfumes and its
premium skincare ranges Abeille Royale and
Orchidée Impériale.
Benefit, Fresh and Make Up For Ever all enjoyed excellent
performance.
The Watches &
Jewelry business group recorded organic revenue growth of 10%
for the first nine months of 2015. Bvlgari performed remarkably
well driven by all product categories and all regions of the world.
Hublot grew rapidly and increased its production capacity with the
opening of its second production facility in Nyon, Switzerland. TAG
Heuer continued the development of its core offering. Its new
smartwatch, made in partnership with Google and Intel, will be
unveiled in November.
The Selective
Retailing business group recorded organic revenue growth of 5%
for the first nine months of 2015. DFS continued to navigate an
uncertain geopolitical and currency context in some tourist
destinations. Sephora continued to gain market share in all its
markets. Comparable store revenue growth was particularly strong.
Online sales are rapidly increasing in all regions, confirming
Sephora's leadership in the digital and mobile space.
Outlook
In an uncertain economic and financial environment, LVMH will
continue its strategy focused on innovation and targeted geographic
expansion in the most promising markets. LVMH will rely on the
power of its brands and the talent of its teams to further extend
its global leadership in the luxury market in 2015.
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 is
available on our internet site www.lvmh.com
APPENDIX
LVMH - Revenue by
business group and by quarter
2015 Revenue
(Euro millions)
FY 2015 |
Wines
& Spirits |
Fashion
& Leather Goods |
Perfumes
& Cosmetics |
Watches
& Jewelry |
Selective
Retailing |
Other
activities & eliminations |
Total |
First Quarter |
992 |
2
975 |
1
094 |
723 |
2
656 |
(117) |
8 323 |
Second
Quarter |
938 |
2 958 |
1 065 |
829 |
2 635 |
(41) |
8 384 |
Total First Half |
1 930 |
5 933 |
2 159 |
1 552 |
5 291 |
(158) |
16 707 |
Third
Quarter |
1 199 |
2 939 |
1 102 |
852 |
2 614 |
(125) |
8 581 |
Nine months |
3 129 |
8 872 |
3 261 |
2 404 |
7 905 |
(283) |
25 288 |
2015 Revenue
(Organic growth)
FY 2015 |
Wines
& Spirits |
Fashion
& Leather Goods |
Perfumes
& Cosmetics |
Watches
& Jewelry |
Selective
Retailing |
Other
activities & eliminations |
Total |
First Quarter |
-1% |
+1% |
+6% |
+7% |
+5% |
- |
+3% |
Second
Quarter |
+5% |
+10% |
+6% |
+13% |
+5% |
- |
+9% |
Total First Half |
+2% |
+5% |
+6% |
+10% |
+5% |
- |
+6% |
Third
Quarter |
+16% |
+3% |
+7% |
+11% |
+5% |
- |
+7% |
Nine months |
+7% |
+5% |
+7% |
+10% |
+5% |
- |
+6% |
2014 Revenue
(Euro millions)
FY 2014 |
Wines
& Spirits |
Fashion
& Leather Goods |
Perfumes
& Cosmetics |
Watches
& Jewelry |
Selective
Retailing |
Other
activities & eliminations |
Total |
First Quarter |
888 |
2
639 |
941 |
607 |
2
222 |
(91) |
7 206 |
Second
Quarter |
789 |
2 391 |
898 |
659 |
2 160 |
(94) |
6 803 |
Total First Half |
1 677 |
5 030 |
1 839 |
1 266 |
4 382 |
(185) |
14 009 |
Third
Quarter |
948 |
2 647 |
961 |
706 |
2 234 |
(108) |
7 388 |
Nine months |
2 625 |
7 677 |
2 800 |
1 972 |
6 616 |
(293) |
21 397 |
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 / Hannah Glynn |
+ 44.203.770 7903 |
|
Montfort Communications |
|
Italy: |
Michele
Calcaterra/ Matteo Steinbach |
+39 02 6249991 |
|
SEC and Partners |
|
US: |
James
Fingeroth/Molly Morse/
Anntal Silver |
+1 212.521.4800 |
|
Kekst & Company |
|
PDF version
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LVMH via Globenewswire
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