France : LVMH Q1 organic sales rise 6% to reach €7.2bn

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LVMH Q1 organic sales rise 6% to reach €7.2bn

19
Apr '14

LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products group, recorded a 4% increase in first quarter 2014 revenue to 7.2 billion Euros. Organic revenue growth was 6% compared to the same period in 2013.

The Group continued to grow in the United States and Asia. Growth was strong in Japan in the quarter for reasons specific to that country.

Europe demonstrated resilience in a still challenging economic environment. Louis Vuitton had an excellent start to the year, while Wines & Spirits were impacted by the current situation of destocking in China.

The Fashion & Leather Goods business group recorded organic revenue growth of 9% in the first quarter of 2014. Louis Vuitton was propelled by a strong creative momentum. The first show of its new artistic director, Nicolas Ghesquière, was enthusiastically received.

New models in the iconic Monogram line were very successful, while the leather lines continue their development. Other fashion brands continue to grow.

The quarter was marked by the opening of flagship stores in Munich for Fendi and in London for Céline. Loro Piana, whose activity is consolidated for the first time this quarter, delivered a remarkable performance.

LVMH

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