Paris, April 10th 2019
LVMH Moët Hennessy Louis Vuitton,
the world's leading high quality products group, recorded revenue
of 12.5 billion Euros for the first quarter 2019, an increase of
16%. Organic growth* was 11% compared to the same period of 2018.
The trends observed in 2018 continued throughout the first quarter.
All geographic regions are experiencing good growth.
Revenue by business group:
In million euros |
Q1 2019 |
Q1 2018 |
% Change
Q1 2019 / Q1 2018 |
Reported |
Organic* |
Wines & Spirits |
1 349 |
1 195 |
+ 13 % |
+ 9 % |
Fashion & Leather Goods |
5 111 |
4 270 |
+ 20 % |
+ 15 % |
Perfumes & Cosmetics |
1 687 |
1 500 |
+ 12 % |
+ 9 % |
Watches & Jewelry |
1 046 |
959 |
+ 9 % |
+ 4 % |
Selective Retailing |
3 510 |
3 104 |
+ 13 % |
+ 8 % |
Other activities and eliminations |
(165) |
(174) |
- |
- |
Total LVMH |
12 538 |
10 854 |
+ 16 % |
+ 11 % |
* with comparable structure and
exchange rates. The currency effect for the Group is +5%.
The Wines & Spirits business group
recorded organic growth of 9% in the first quarter of 2019.
Champagne volumes were stable over the period. Prestige cuvées
performed particularly well, notably in the United States and
Japan. The business group also benefited from a firm pricing
policy. Hennessy cognac volumes increased by 11%. The US and
Chinese markets grew fast.
The Fashion &
Leather Goods business group achieved organic revenue growth of
15% in the first quarter of 2019. Louis Vuitton continued its
remarkable growth across all of its businesses. Its performance was
exceptional, its creativity ever more striking and innovative, and
its Men's and Women's Autumn-Winter fashion shows were universally
acclaimed. The transformational upgrade of its distribution network
continued with highly successful and iconic re-openings, including
Florence, London's Sloane Street, Monaco and Shanghai IFC. In order
to meet growing demand and to limit stock shortages, a new leather
workshop was opened in France on a site that will be able to
accommodate 500 employees, and several other projects are underway.
Christian Dior Couture performed exceptionally well across all its
product categories and regions. After Paris and Denver, a new
exhibition, "Christian Dior, Designer of Dreams" opened in London
at the Victoria and Albert Museum. At Celine, the new Men's and
Women's ready-to-wear collections arrived in stores as the new
concept starts to be rolled out. Fendi, Loewe and Berluti are
growing fast. Loro Piana's vicuna and shoe collections performed
well. The other Maisons continued to progress.
In Perfumes &
Cosmetics, organic revenue increased 9% in the first quarter of
2019, mainly driven by the performance of its iconic brands.
Parfums Christian Dior had a very good quarter, demonstrating the
continued vitality of its iconic perfumes and benefiting from the
recent launch of its new fragrance Joy. In
makeup, the Rouge Dior and Diorskin lines enjoyed a remarkable performance.
Guerlain experienced strong growth momentum, notably as a result of
the sustained growth of Abeille Royale
skincare and Rouge G lipstick. Parfums
Givenchy performed very well, driven by its Le
Rouge and Prisme Libre makeup ranges.
Fenty Beauty by Rihanna continued to grow rapidly.
The Watches &
Jewelry business group recorded organic revenue growth of 4% in
the first quarter of 2019, driven by the performance of its
jewelry. Bvlgari made strong progress in its own stores, driven by
its iconic lines Serpenti, Divas'Dream, Lvcea and its new
Fiorever collection. Chaumet unveiled its new
Liens Evidence creations in gold and diamonds.
A pop-up store opened in the Saint-Germain quarter in Paris while
its historic store in Place Vendôme is under renovation. The
innovative products presented by LVMH's watch brands at the
Baselworld Watch & Jewelry Fair were very well received,
including Hublot's Classic Fusion Ferrari GT
watch, Bvlgari's Serpenti Seduttori and
Octo Finissimo Chronograph GMT Automatic
watches, TAG Heuer's connected watch model for golfers, and
Zenith's new Defy Inventor and Defy El Primero 21 Carbon models.
In Selective
Retailing, organic revenue rose 8% in the first quarter of
2019. Sephora recorded strong revenue growth and gained market
share over the period, offering its customers an ever more
innovative and interactive experience. A new flagship store opened
in the new Hudson Yards development in New York. Online sales grew
strongly. DFS grew at a steady pace over the period. The Gallerias
of Hong Kong and Macao performed particularly well. Momentum
remained very strong at the Fondaco dei
Tedeschi in Venice, the first European site for DFS. Its
expansion in Europe will continue in 2020 with an opening in La
Samaritaine in Paris.
In the buoyant environment of the
beginning of this year, albeit marked by 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 2019, its global leadership position in
luxury goods.
With the
exception of the approval of LVMH's previously announced
acquisition of Belmond at the Belmond Ltd. General Meeting, no
events or changes have occurred, during the quarter and to date,
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, Volcán de Mi Tierra, 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, Celine, Loewe, Kenzo, Givenchy, Pink Shirtmaker, Fendi,
Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana,
RIMOWA and Jean Patou. 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, Fenty Beauty by Rihanna 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,
Groupe Les Echos, Cova, Le Jardin d'Acclimatation, Royal Van Lent
and Cheval Blanc hotels.
"This document may contain certain forward looking
statements which are based on estimations and forecasts. By their
nature, these forward looking statements are subject to important
risks and uncertainties and factors beyond our control or ability
to predict, in particular those described in LVMH's Reference
Document which is available on the website (www.lvmh.com). These
forward looking statements should not be considered as a guarantee
of future performance, the actual results could differ materially
from those expressed or implied by them. The forward looking
statements only reflect LVMH's views as of the date of this
document, and LVMH does not undertake to revise or update these
forward looking statements. The forward looking statements should
be used with caution and circumspection and in no event can LVMH
and its Management be held responsible for any investment or other
decision based upon such statements. The information in this
document does not constitute an offer to sell or an invitation to
buy shares in LVMH or an invitation or inducement to engage in any
other investment activities."
LVMH CONTACTS
Analysts and investors
Chris Hollis
LVMH
+ 33 1 4413 2122 |
Media
Jean-Charles Tréhan
LVMH
+ 33 1 4413 2620 |
MEDIA CONTACTS |
|
France
Michel Calzaroni, Olivier Labesse, Hugues
Schmitt,
Thomas Roborel de Climens
DGM Conseil
+ 33 1 4070 1189 |
Italy
Michele Calcaterra, Matteo Steinbach
SEC and Partners
+ 39 02 6249991 |
UK
Hugh Morrison, Charlotte McMullen
Montfort Communications
+ 44 7921 881 800 |
US
James Fingeroth, Molly Morse, Anntal
Silver
Kekst & Company
+ 1 212 521 4800 |
PDF Version
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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