REPORT LVMH Moët Hennessy Louis Vuitton, recorded a 16 percent increase in first quarter 2015 revenue to 8.3 billion euros (8.7 billion dollars). Organic revenue growth was 3 percent compared to the same period in 2014. The Group witnessed positive momentum in Europe and the United States.
The fashion & leather goods business group grew despite the very high comparable period in 2014, particularly in Japan. Louis Vuitton unveiled new collections and products at its most recent shows. Fendi, Céline, Givenchy, Kenzo and Berluti experienced an excellent quarter.
In perfumes & cosmetics, organic revenue growth was 6 percent in the first quarter of 2015. Christian Dior continued to see good momentum early this year owing to success of its perfumes J’adore and Miss Dior and the excellent performance of the make-up segment. Guerlain continued the roll out of its new fragrance L’Homme Idéal and inaugurated its new production facility in Chartres.
The watches & jewelry business group recorded organic revenue growth of 7 percent in the first quarter of 2015. Bvlgari continues to deliver good growth driven by the success of its iconic jewelry collections and its new Lvcea watch for women. Hublot had a very good start to the year while TAG Heuer continued to refocus on its core offering. LVMH watch brands introduced several innovations at the Basel watch fair, during which a partnership between TAG Heuer, Google and Intel to launch a smartwatch was announced.
In selective retailing, organic revenue growth was 5 percent in the first quarter of 2015. DFS continued to be faced with a complex situation in Asia and has been impacted by currency and geopolitical developments in certain tourist destinations. Sephora had a remarkable performance and continued to gain market share in all regions. The same-store revenue growth is particularly strong in North America and the Middle East.