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.
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 popup store opened in the Saint-Germain quarter in Paris while historical boutique on 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.
The Wines & Spirits business group recorded organic growth of 9%, 15% for The Fashion & Leather Goods business group, 9% for Perfumes & Cosmetics (mainly driven by the performance of its iconic brands) and 8% for Selective Retailing.
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 further reinforce in 2019 its global leadership position in luxury goods.
May 09, 2019