Sales up by 10% for LVMH

Organic growth (with comparable structure and exchange rates) 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.

The Watches & Jewelry business group recorded organic revenue growth of 20%. Bvlgari enjoyed 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, Bulgari’s Octo Finissimo Automatic Tourbillon, new models in the iconic Monaco and Carrera lines at TAG Heuer and Defy at Zenith.

Other activities are also doing well: Wines and Spirits posted 10% organic growth in sales, Fashion & Leather Goods (+16%), Perfumes & Cosmetics (+17%) and Selective Retailing (+9%).

In the buoyant environment of the beginning of this year, albeit marked by unfavourable exchange rates and geopolitical uncertainties, LVMH will continue to focus its efforts on developing its brands, maintaining strict control over costs and focusing its investments on the quality, excellence and innovation of its products and their distribution.

April 19, 2018