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.”
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version on businesswire.com: https://www.businesswire.com/news/home/20180409006047/en/
Analysts and investors:LVMHChris Hollis+ 33
1.4413.2122orMedia:LVMHJean-Charles Tréhan+33 1
4413.2620orFrance:DGM ConseilMichel Calzaroni/Olivier
Labesse/Hugues Schmitt/Thomas Roborel de Climens+ 33
1.4070.1189orUK:Montfort CommunicationsHugh Morrison /
Charlotte McMullen+44 203.514.0897orItaly:SEC and
PartnersMichele Calcaterra/ Matteo Steinbach+39 02
6249991orUS:KekstJames Fingeroth/Molly Morse/Anntal Silver+1
212.521.4800
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