LVMH : LVMH FIRST QUARTER ORGANIC REVENUE INCREASED BY 7%

Mon Apr 15, 2013 12:02pm EDT

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Paris, 15 April 2013

LVMH Moët Hennessy Louis Vuitton, the world's leading high quality products group, recorded a 6%
increase in first quarter 2013 revenue to 6.9 billion Euros. Organic* revenue growth was 7%
compared to the same period in 2012, which saw a sharp rise.

The Group continued at the start of the year to perform 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.

Revenue by business group:

 In million euros                    Q1 2013  Q1 2012         % Change         
                                                         
Q1 2013 / Q1 2012    
                                    Reported            Organic*   
 Wines & Spirits                          979      926       + 6 %       + 7 % 
 Fashion & Leather Goods                2 383    2 374      + 0.4%        + 3% 
 Perfumes & Cosmetics                     932      899       + 4 %        + 5% 
 Watches & Jewelry                        624      630         -1%         +2% 
 Selective Retailing                    2 122    1 823      + 16 %      + 17 % 
 Other activities and eliminations       (93)     (70)           -           - 
 Total                                  6 947    6 582       + 6 %        + 7% 


*with comparable structure and constant exchange rates

The Wines & Spirits business group recorded organic revenue growth of 7% in the first quarter of
2013. Champagne 
was notably robust in Asia, which compensated for softer demand in Europe. Hennessy cognac
continued its excellent momentum, with a solid performance in the United States and rapid growth
in China. Other spirits, including Glenmorangie and Belvedere, experienced a good start to the
year.

 


 

The Fashion & Leather Goods business group recorded organic revenue growth of 3% in the first
quarter of 2013. With a strategy founded on the innovation and quality of its products and their
distribution, Louis Vuitton continued its progress. Louis Vuitton relies on its incomparable
know-how to further strengthen its product lines in order to offer its clients the highest quality
and best service. Fendi benefited from continued developments in fur and leather and pursues its
program of enlarging its store network. Céline made excellent progress in its own stores. The
other brands continued to develop well.

In Perfumes & Cosmetics, organic revenue growth was 5% in the first quarter of 2013. Christian
Dior recorded further solid growth thanks to the vitality of its perfumes and, in particular, the
continued strength of J'adore, Miss Dior and Dior Homme. The new lipstick Dior Addict and the
premium skincare Prestige also contributed to the brand's growth. Guerlain continued to benefit
from the strong momentum of La Petite Robe Noire and the success of its high-end skincare Orchidée
Impériale. Givenchy rolled out its fragrance Gentlemen Only, with Simon Baker as its muse. Benefit
and Fresh continued to strengthen their positions thanks to their strongly innovative products.

The Watches and Jewellery business group recorded organic revenue growth of 2% 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. TAG Heuer's first quarter was marked by the
50th anniversary of its Carrera line and the new partnership with McLaren which was announced at
the Geneva Motor Show. Hublot and Zenith also had a good start to the year. In jewelry, Bulgari
confirmed the success of its Serpenti line and recorded strong revenue growth in its own stores. 

In Selective Retailing, organic revenue growth stood at 17% 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, will maintain a strict control over costs and will target its
investments on the quality, the excellence and the innovation of its products and their
distribution. The Group will rely on the talent and the motivation of its teams, the
diversification of its businesses and the good geographical balance of its revenues to increase,
once again in 2013, its leadership of the global high quality goods market.

Regulated information related to this press release and presentation available on our internet
site www.lvmh.com

About LVMH
LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that
includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château
d'Yquem, Hennessy, Glenmorangie, Ardbeg, Numanthia, Vodka  Belvedere, 10 Cane, Chandon, Cloudy
Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton.. Its Fashion and
Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi,
Emilio Pucci, Donna Karan, Marc Jacobs, Berluti and StefanoBi. LVMH is present in the Perfumes and
Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes
Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di
Parma and Fresh). LVMH is also active in selective retailing as well asin other activities through
DFS, Sephora, Le Bon Marché, la Samaritaine and Royal Van Lent. LVMH's Watches and Jewelry
division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers
Jewellery, a joint venture created with the world's leading diamond group.

 

"Certain information included in this release is forward looking and is subject to important risks
and uncertainties and factors beyond our control or ability to predict, that could cause actual
results to differ materially from those anticipated, projected or implied. It only reflects our
views as of the date of this presentation. No undue reliance should therefore be based on any such
information, it being also agreed that we undertake no commitment to amend or update it after the
date hereof."

 Contacts:                                                                      
 Analysts and investors:  Chris Hollis                        + 33 1.4413.2122  
                          LVMH                                                  
                                                                                
 Media:                                                                         
 France :                 Michel Calzaroni/Olivier Labesse/   + 33 1.4070.1189  
                          Sonia Fellmann/Hugues Schmitt                         
                          DGM Conseil                                           
                                                                                
 UK:                      Claire Maloney                      +44 207.307.5341  
                          Capital MSL                                           
                                                                                
 Italy:                   Michele Calcaterra/Mateo Steinbach  +39 02.8905.5101  
                          Carlo Bruno&Associati                                 
                                                                                
 US:                      James Fingeroth/Molly Morse/        +1 212.521.48.22  
                          Anna Silver                                           
                          Kekst & Company                                       


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