LVMH Moët Hennessy Louis Vuitton, the world’s leading high
quality products group, recorded revenue of 8.6 billion Euros for
the first quarter 2016, an increase of 4%. Organic* revenue growth
was 3% compared to the same period in 2015.
The US market is strong and Europe remains well oriented except
for France which is affected by a fall in tourism. Asian markets
are varied, but Japan continues to progress.
Revenue by business group:
In million euros
Q1 2016
Q1 2015 % Change
Q1 2016 / Q1 2015
Reported
Organic* Wines & Spirits
1 033 992 + 4 % +
6 % Fashion & Leather Goods 2 965
2 975 0 % 0 % Perfumes
& Cosmetics 1 213 1
129 + 7 % + 9 % Watches & Jewelry
774 723 + 7
% + 7 % Selective Retailing
2 747 2 648 + 4 %
+ 4 % Other activities and eliminations
(112) (144) - - Total
8 620 8 323
+ 4 % + 3 %
* with comparable structure and constant
exchange rates.
The Wines & Spirits business group recorded organic
revenue growth of 6% in the first quarter of 2016. Champagne
experienced a strong start to the year especially in Europe where
growth continued. Hennessy maintained its remarkable performance in
the United States. In China, the first quarter showed better
momentum after the impact of destocking by distributors in 2015.
Other spirits, Glenmorangie and Belvedere, continued to grow.
The Fashion & Leather Goods business group was
stable. Louis Vuitton maintained its creative momentum as shown by
its numerous innovations across all areas, notably in leather
goods, watches and jewelry with the new Blossom collection. The
legendary leather line models achieved good success. Fendi enjoyed
an excellent performance, driven by its leather and ready-to-wear
lines. Céline and Kenzo experienced good starts to the year. Donna
Karan and Marc Jacobs continue to work on the evolution of their
product lines.
In Perfumes & Cosmetics, organic revenue growth was
9% in the first quarter of 2016. Christian Dior recorded strong
growth with the remarkable success of Sauvage and the vitality of
its iconic perfumes J’adore and Miss Dior. The launch of the new
perfume Poison Girl was also a highlight of the quarter. Building
on the success of the perfume, Guerlain expanded La Petite Robe
Noire into the world of make-up. Benefit continued its strong
innovation in make-up. Make Up For Ever and Kendo’s brand portfolio
are expanding rapidly.
The Watches & Jewelry business group recorded organic
revenue growth of 7% in the first quarter of 2016 outperforming the
market. Bvlgari recorded an excellent performance driven by the
success of its iconic jewelry collections and innovations. TAG
Heuer had a good quarter, benefiting from its successful strategy
of focussing on its core offering. The new connected smartwatch was
an immense success. A number of LVMH watch brand innovations were
extremely well received at the Basel Watch fair.
In Selective Retailing, organic revenue growth was 4% in
the first quarter of 2016. Sephora gained market share around the
world. North America maintained its exceptional growth rate. DFS
continues to be faced with an uncertain economic environment in
Asia. The opening of the T Galleria in Siem Reap in Cambodia was a
highlight of the quarter.
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 2016, 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 Bvlgari, 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.”
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160411006094/en/
LVMHAnalysts and investors:Chris Hollis+ 33
1.4413.2122orMedia:DGM ConseilFrance :Michel
Calzaroni/Olivier Labesse/Sonia Fellmann/Hugues Schmitt+ 33
1.4070.1189orMontfort CommunicationsUK:Hugh Morrison/Hannah
Glynn+ 44.203.770 7903orSEC and PartnersItaly:Michele
Calcaterra/Matteo Steinbach+39 02 6249991orUS:KekstJames
Fingeroth/Molly Morse/Anntal Silver+1 212.521.4800
Moelis (NYSE:MC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Moelis (NYSE:MC)
Historical Stock Chart
From Mar 2023 to Mar 2024