LVMH registers double-digit organic revenue growth

17 Apr '08

3 min read

LVMH Moët Hennessy Louis Vuitton, the world's leading luxury group, achieved revenue of 4 billion euros in the first quarter of 2008. Organic revenue increased by 12% compared to the same period in 2007, which was also a period of strong growth. As a result of the negative impact of exchange rates, reported revenue growth is 5%.

All business groups recorded double-digit organic revenue growth in the period, with the exception of Wines & Spirits. The Group continued to record excellent performances in Asia, the US and Europe.

Fashion & Leather Goods achieved 14% organic revenue growth in the first quarter of 2008. Louis Vuitton continued to perform exceptionally well over the period, recording double-digit organic revenue growth once more. The brand achieved particularly significant increases in the US, Europe and Asia.

The new products, resulting from the collaboration between Marc Jacobs and Richard Prince, generated remarkable enthusiasm from clients. The reopening of the Maison Louis Vuitton in Hong Kong was one of the highlights of the first quarter. The other brands of this business group recorded an excellent first quarter.

In Perfumes & Cosmetics, organic revenue growth reached 13% in the first quarter of 2008. Christian Dior continued to show great momentum reflecting the sustained progress of J'Adore as well as the success of Midnight Poison, the new Addict High Shine lipstick and Capture skincare.

Guerlain continued its strong progress throughout the whole range of its products. Europe and Asia were the main drivers of growth. Parfums Givenchy benefited from the rapid development of Ange ou Démon. The other brands achieved solid growth and are pursuing their expansion.

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