LVMH: 4% REVENUE GROWTH IN 2016 FIRST QUARTER
(Thomson Reuters ONE) -
Paris, April 11(th) 2016
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:
+-----------------------------------+---------+---------+---------------------+
| | | | % Change |
| In million euros | Q1 2016 | Q1 2015 | 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."
Contacts:
Analysts and investors: Chris Hollis + 33 1.4413.2122
LVMH
Media:
France : Michel Calzaroni/Olivier Labesse/ + 33 1.4070.1189
Sonia Fellmann/Hugues Schmitt
DGM Conseil
UK: Hugh Morrison / Hannah Glynn + 44.203.770 7903
Montfort Communications
Italy: Michele Calcaterra/ Matteo Steinbach +39 02 6249991
SEC and Partners
US: James Fingeroth/Molly Morse/ +1 212.521.4800
Anntal Silver
Kekst & Company
PDF version:
http://hugin.info/143740/R/2002521/739037.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: LVMH via GlobeNewswire
[HUG#2002521]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2016 - 18:00 Uhr
Sprache: Deutsch
News-ID 463167
Anzahl Zeichen: 9270
contact information:
Town:
Paris
Kategorie:
Business News
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