Paris, April 9th
2018
LVMH Moët Hennessy Louis Vuitton,
the world's leading high quality products group, recorded revenue
of 10.9 billion Euros for the first quarter 2018, an increase of
10%. Organic growth* was 13% compared to the same period of 2017,
an increase to which all business groups contributed. It was 15%
excluding the impact of the termination of the Hong Kong
International Airport concession at the end of 2017. Asia, the
United States and Europe experienced good growth.
Revenue by business group:
In million euros |
Q1 2018 |
Q1 2017 |
% Change
Q1 2018/ Q1 2017 |
Reported |
Organic* |
Wines & Spirits |
1 195 |
1 196 |
0 % |
+ 10 % |
Fashion & Leather Goods |
4 270 |
3 405 |
+ 25 % |
+ 16 % |
Perfumes & Cosmetics |
1 500 |
1 395 |
+ 8 % |
+ 17 % |
Watches & Jewelry |
959 |
879 |
+ 9 % |
+ 20 % |
Selective Retailing |
3 104 |
3 154 |
- 2 % |
+ 9 %** |
Other activities and eliminations |
(174) |
(145) |
- |
- |
Total |
10 854 |
9 884 |
+ 10 % |
+ 13 % |
* with comparable structure and
exchange rates. The currency effect is -10% and the structural
impact is + 7%.
** + 16% excluding the termination of the Hong
Kong International Airport concession.
The Wines &
Spirits business group recorded organic revenue growth of 10%
in the first quarter of 2018. Champagne volumes rose by 1% over
last year, driven by its main markets and Prestige cuvées grew the
fastest over the period. In a context of supply constraints,
Hennessy cognac volumes increased by 5% while maintaining its high
quality. China and the United States posted growth in line with the
trends seen in the second half of 2017.
The Fashion &
Leather Goods business group achieved organic revenue growth of
16% in the first quarter of 2018. Driven by its continued strong
creative dynamic in all its businesses, Louis Vuitton made a
remarkable start to the year. Its latest fashion show at the Louvre
museum in Paris received a warm welcome. Virgil Abloh was named
Men's Artistic Director. Christian Dior Couture, which was
consolidated into the Group in July 2017, turned in an excellent
performance and appointed Kim Jones as Artistic Director of Dior
Homme. Fendi and Loro Piana grew rapidly in ready-to-wear and
shoes. Hedi Slimane has joined Céline as Artistic, Creative and
Image Director. The other Maisons continued to progress.
In Perfumes &
Cosmetics, organic revenue increased 17% in the first quarter
of 2018. Parfums Christian Dior once again saw strong growth
momentum, fueled by the continued vitality of its iconic perfumes
J'adore and Miss Dior,
and by the continued success of Sauvage.
Makeup and skincare also contributed to the superb performance of
the brand. Guerlain benefited from the roll-out of the new
Mon Guerlain perfume and from its significant
advances in skincare, particularly its Abeille
Royale range. Parfums Givenchy, Benefit and Fresh saw sustained
growth, as did Fenty Beauty by Rihanna, which was launched in 2017
and has been an exceptional success.
In the first quarter of 2018, the
Watches & Jewelry business group recorded
organic revenue growth of 20%. Bvlgari enjoyed an excellent
performance and continues to gain market share thanks to the
strength of its iconic lines Serpenti,
B.Zero1, Diva and Octo.
Chaumet unveiled its new high-end jewelry collection. The
innovative products presented by LVMH's watch brands at the
Baselworld Watch and Jewelry Fair were very well received,
including Hublot's Big Bang Sapphire
Tourbillon, Bvlgari's Octo Finissimo Automatic
Tourbillon and new models in the iconic Monaco
and Carrera lines at TAG Heuer and Defy at
Zenith.
In Selective
Retailing, organic revenue rose 9% in the first quarter of 2018
or 16% excluding the termination of the Hong Kong International
Airport concession. Sephora continued to gain market share around
the world, offering an ever more innovative and interactive
experience to its customers. The new store concept continued its
roll-out, particularly in France with the inauguration in the first
quarter of a flagship store in the Saint-Lazare district of Paris.
Online sales grew rapidly all over the world. DFS enjoyed an
excellent start to the year, performing particularly well in the T
Gallerias in Hong Kong and Macao. With an offering adapted to suit
the demands of international travelers, the recently opened stores
in Cambodia and Italy also showed strong performance.
In the buoyant environment of the
beginning of this year, albeit marked by unfavorable exchange rates
and geopolitical uncertainties, LVMH will continue to focus its
efforts on developing its brands, maintaining strict control over
costs and targeting 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, the diversification
of its businesses and the geographical balance of its revenue to
reinforce, once again in 2018, 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, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg,
Belvedere, Woodinville, 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, Christian Dior Couture, 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: |
|
|
|
Jean-Charles Tréhan |
+33 1 4413.2620 |
|
LVMH |
|
|
|
|
France : |
Michel
Calzaroni/Olivier Labesse/
Hugues Schmitt/Thomas Roborel de Climens |
+ 33 1.4070.1189 |
|
DGM Conseil |
|
UK: |
Hugh
Morrison / Charlotte McMullen |
+44 203.514.0897 |
|
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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