Paris, April 10th
2017
LVMH Moët Hennessy Louis Vuitton,
the world's leading high quality products group, recorded revenue
of 9.9 billion Euros for the first quarter 2017, an increase of
15%. Organic revenue growth* was 13%
compared to the same period of 2016, an increase attributable to
all business groups. Positive growth was achieved in Asia, Europe
and the US.
During the first quarter, LVMH
benefited from a favourable comparison base, particularly in
Europe, where activity was affected last year by the impact of the
November 2015 attacks in Paris. The trend currently observed cannot
reasonably be extrapolated for the full year.
Revenue by business group:
In million euros |
Q1 2017 |
Q1 2016 |
% Change
Q1 2017 / Q1 2016 |
Reported |
Organic* |
Wines & Spirits |
1 196 |
1 033 |
+ 16 % |
+ 13 % |
Fashion & Leather Goods |
3 405 |
2 965 |
+ 15 % |
+ 15 % |
Perfumes & Cosmetics |
1 395 |
1 213 |
+ 15 % |
+ 12 % |
Watches & Jewelry |
879 |
774 |
+ 14 % |
+ 11 % |
Selective Retailing |
3 154 |
2 747 |
+ 15 % |
+ 11 % |
Other activities and eliminations |
(145) |
(112) |
- |
- |
Total |
9 884 |
8 620 |
+ 15 % |
+ 13 % |
* with comparable structure and
constant exchange rates.
The Wines &
Spirits business group recorded organic revenue growth of 13%
in the first quarter of 2017. Champagne volumes increased by 7%
over the period. Europe and the US markets continued to grow.
Hennessy cognac saw volumes increase significantly which could
impact the availability of stocks for the rest of the year.
Momentum remains positive in the United States, while demand in
China confirms the trends of 2016.
The Fashion &
Leather Goods business group achieved organic growth of 15% in
the first quarter of 2017. Louis Vuitton achieved a good start to
the year, driven by creative momentum in all of its businesses. The
recent Autumn-Winter show in the Marly courtyard at the Louvre was
very well received. Fendi continues its good performance, supported
by its leather and ready-to-wear lines. Céline, Kenzo, Loewe and
Berluti showed progress. Givenchy announced the arrival of a new
Artistic Director. Marc Jacobs continued its product lines changes
and its restructuring. Rimowa, which recently joined the LVMH
Group, will be consolidated as of the second quarter.
In Perfumes &
Cosmetics, organic revenue growth was 12% in the first quarter
of 2017. Parfums Christian Dior recorded good growth with the
success of its make-up and the continued vitality of its perfumes
J'adore and Sauvage. At
Guerlain, the launch of the new women's fragrance Mon Guerlain, embodied by Angelina Jolie, was a
highlight of the quarter. Parfums Givenchy benefited from the
success of its lipstick lines, which had rapid development in Asia.
Kat Von D, launched exclusively in January at Sephora in France, is
growing well. Maison Francis Kurkdjian is joining the LVMH
Group.
The Watches &
Jewelry business group recorded organic revenue growth of 11%
in the first quarter of 2017. Bvlgari gained market share and
continued to innovate with new models in its emblematic jewelry
lines. TAG Heuer successfully launched its new Connected Modular 45 watch. Several innovations
presented by LVMH's watch brands at the Baselworld watch fair were
given an excellent reception, including a new edition of the
Autavia by TAG Heuer, the new Octo Finissimo Automatic and Serpenti
Skin watches by Bvlgari and the Defy El
Primero 21 by Zenith.
In Selective
Retailing, organic revenue growth was 11% in the first quarter
of 2017. Sephora gained market share around the world and continues
to record revenue growth. The US market is growing well, China
confirmed the trend already observed at the end of 2016. Momentum
at DFS in Asia improved while the T Gallerias
opened in Cambodia and Italy in 2016, continued their
development.
In a particularly uncertain
environment, LVMH will continue to focus its efforts on developing
its brands, maintain strict control over costs and target its
investments on the quality, excellence and innovation of its
products and their distribution. The Group will rely on the talent
and motivation of its teams, diversification of its businesses and
good geographical balance of its revenue to reinforce, once again
in 2017, 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 are 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, Belvedere, Chandon,
Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle,
Newton, Bodega Numanthia and Ao Yun. Its
Fashion and Leather Goods division includes Louis Vuitton, Céline,
Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc
Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa. LVMH is
present in the Perfumes and Cosmetics sector with Parfums Christian
Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe,
BeneFit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Kat Von
D and Maison Francis Kurkdjian. LVMH's Watches and Jewelry division
comprises Bvlgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred
and Hublot. LVMH is also active in selective retailing as well as
in other activities through DFS, Sephora, Le Bon Marché, La
Samaritaine, Royal Van Lent and Cheval Blanc hotels.
"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/
Thomas Roborel de Climens/Hugues Schmitt |
+ 33 1.4070.1189 |
|
DGM Conseil |
|
|
|
|
UK: |
Hugh
Morrison / Charlotte McMullen |
+44 7921.881.800 |
|
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
This
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of Nasdaq Corporate Solutions clients.
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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