• Home
  • V1
  • Design
  • LVMH first quarter revenues increased by 6 percent

LVMH first quarter revenues increased by 6 percent

By FashionUnited

loading...

Scroll down to read more

LVMH Moët Hennessy Louis Vuitton, recorded a 6 percent

increase in first quarter 2013 revenue to 6.9 billion Euros (8.99 billion dollars). Organic revenue growth was 7 percent compared to the same period in 2012. The Group started off the New Year in line with the trends of the second half of 2012 with strong growth in Asia and the United States, while Europe demonstrates good resistance despite a challenging economic environment.

The fashion & leather goods business group recorded organic revenue growth of 3 percent in the first quarter of 2013. The watches and jewellery business group recorded organic revenue growth of 2 percent in first quarter 2013, on top of a strong performance in the same period in 2012. This performance was achieved in a context of prudent buying by multi-brand retailers.

In selective retailing, organic revenue growth stood at 17 percent in the first quarter of 2013. DFS recorded an excellent performance driven by the continued growth in Asian tourism despite a decline in expenditure from Japanese tourists resulting from the weaker Yen. Sephora gained market share in all its regions and continued to expand its global store network with, in particular, the opening in Shanghai of its largest store in China. Online sales also experienced rapid growth during the period.

In an economic environment which remains uncertain in Europe, LVMH will continue to focus its efforts on developing its brands, while relying on the talent and the motivation of its teams, the diversification of its businesses and the good geographical balance of its revenues.
LVMH