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LVMH Reports €6.9 Billion in Sales for Q1 2013
Posted: April 22, 2013
LVMH Moët Hennessy Louis Vuitton recorded a 6% increase in first quarter 2013 revenue to €6.9 billion. Organic revenue growth was 7% compared to the same period in 2012, which saw a sharp rise. The company continued to perform in line with the trends of the second half of 2012 with strong growth in Asia and the U.S., while Europe demonstrates good resistance despite a challenging economic environment.
In its perfumes and cosmetics division, LVMH saw organic revenue growth of 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 ,em>J’adore, Miss Dior and Dior Homme. The new lipstick Dior Addict and the premium skin care 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 skin care Orchidée Impériale. Givenchy rolled out its fragrance Gentlemen Only with Simon Baker as its muse, and Benefit and Fresh continued to strengthen their positions thanks to their strongly innovative products.
In its selective retailing division, organic revenue growth stood at 17% in the first quarter of 2013 for LVMH. 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. And 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.
Looking forward in an economic environment that remains uncertain in Europe, LVMH will continue to focus its efforts on developing its brands, as well as maintain a strict control over costs and target its investments on the quality, the excellence and the innovation of its products and their distribution. The company 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.