News In the first quarter of 2013, the French luxury group LVMH, Moët Hennessy Louis Vuitton, reported sales worth 6.9 billion euros up by 6%. Organic growth stood at 7% against the same period in 2012 which was already steeply higher.
At the beginning of the year the group is continuing its progression in line with the trends observed in the second half of 2012. Growth remained strong in Asia and in the United States, while Europe is holding up well in a difficult economic environment.
The Watch and Jewellery activity reported organic sales growth of 2% in the first quarter of 2013 (624 million euros). This performance was achieved in a context of prudent purchasing by multi-brand retailers. At TAG Heuer, the 50 years of the Carrera line and a new partnership with McLaren announced on the occasion of the International Luxury Watchmaking Show in Geneva were highlights of this period. Hublot and Zenith reported a good start to the year. In the field of jewellery, Bulgari confirmed the success of its Serpenti line and reported strong sales growth in its own boutiques.
The Wine and Spirits activities reported organic growth of 7% (979 million) while the Fashion and Leather Goods sector achieved organic growth of 3% (2,383 million). In Perfumes and Cosmetics, organic sales growth reached 5% (932 million). In Selective Distribution, organic sales growth stood at 17% (2.122 million) in the first quarter of 2013.
In an economic environment which remains uncertain in Europe, LVMH will continue to focus its efforts on enhancing the value of its brands. It will maintain stringent cost control and target its investments on the quality, excellence and innovation of its products and their distribution.
May 13, 2013