LVMH: 22% Increase in Revenue for the First Nine Months of 2012

  LVMH: 22% Increase in Revenue for the First Nine Months of 2012

Business Wire

PARIS -- October 15, 2012

LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products
group, recorded revenue of €19.9 billion for the first nine months of 2012, an
increase of 22% on the comparable period in 2011. After taking into account
the integration of Bulgari, as of 30 June 2011, and a positive currency
impact, organic revenue grew by 10%.

The Group recorded a 15% rise in revenue for the third quarter. Organic
revenue growth was 6%, a good performance in the current economic environment,
particularly when compared to the strong performance in the same period of
2011. The US market continued to demonstrate solid momentum. In spite of a
mixed business environment, Europe and Asia also contributed to the third
quarter performance. Louis Vuitton continues to gain market share throughout
the world.

Revenue by business group:

Euro millions                     9 months  9 months  Change 2012 / 2011
                                    2012       2011       first 9 months
                                                   Reported  Organic*
Wines & Spirits                   2 765     2 306     + 20%     + 12%
Fashion & Leather Goods           7 179     6 189     + 16%     + 8%
Perfumes & Cosmetics              2 625     2 311     + 14%     + 8%
Watches & Jewelry                 2 033     1 212     + 68%     + 7%
Selective Retailing               5 452     4 378     + 25%     + 14%
Other activities & eliminations   (188)     (93)      ns        ns
Total                             19 866    16 303    + 22%     + 10%
*with comparable structure and constant exchange rates.

The Wines & Spirits business group recorded organic revenue growth of 12% for
the first nine months of 2012. The Group’s champagne brands achieved a
sustained increase in volume over the period. An improvement in product mix
and the price increases implemented at the start of the year also contributed
to the progress made by the Champagne business. All geographic regions
recorded increases with particularly strong advances in emerging markets. The
Wine business benefitted from the rapid development of sparkling wines.
Hennessy cognac continued to see strong momentum across all categories.

The Fashion & Leather Goods business group recorded organic revenue growth of
8% for the first nine months of the year. Louis Vuitton reported a
double-digit rise in revenue, driven by the powerful appeal of its products
and the unique experience offered to all clients at its stores, and further
reinforcing its advance on the global market. The Shanghai opening of the
first Maison Louis Vuitton in China and the launch of a number of collections
in collaboration with the artist Yayoi Kusama marked some of the high points
of the quarter. Céline achieved a remarkable performance across all its
markets and product ranges. Fendi undertook a targeted expansion of its
distribution network. All other fashion brands continued to show improved

The Perfumes & Cosmetics business group registered organic revenue growth of
8% for the first nine months of 2012. Christian Dior continued to show strong
momentum underpinned by the growth of its iconic perfumes and the relaunch of
Dior Addict, backed by a new publicity campaign. The makeup and skincare
segments also contributed to the strong performance thanks to the Prestige
range and the new Diorskin Nude products. Guerlain benefited from the
successful launch of La Petite Robe Noire and solid progress with its Orchidée
Impériale skincare products. Givenchy benefited from broadened distribution of
its makeup range. Benefit continues to achieve strong growth thanks to its
They’re Real mascara. Fresh opened its first store in the Chinese market.

The Watches & Jewelry business group recorded organic revenue growth of 7% for
the first nine months of 2012. LVMH’s watch brands made further progress
driven by their iconic ranges and innovation. The roll-out of TAG Heuer’s new
Link Lady and Zenith’s Pilot range were among the highlights for the quarter.
In Jewelry, the success of Bulgari’s Serpenti and B.Zero1 collections was
confirmed while the brand pursued a very selective distribution strategy.
Chaumet and Fred delivered good performance in their own boutiques.

The Selective Retailing business group achieved organic revenue growth of 14%
for the first nine months of 2012. DFS continued to expand its presence in
Hong Kong with the opening of its third Galleria in the city centre and
establishing three new concessions at the airport which will be operational at
the year-end. Sephora produced a remarkable performance, winning market share
across all regions of the world. Its growth momentum remains strong with,
notably, significant progress being made in China and Russia and the
considerable success of its first store opening in Brazil. On-line sales in
France and the United States saw particularly strong gains.


Despite the background of an economic slowdown in Europe, LVMH remains
confident in its outlook for 2012. The Group will continue to pursue its
proactive strategy centered on innovation and targeted geographic expansion in
the most promising markets. LVMH will rely on the power of its brands and the
talent of its teams to further extend, in 2012, its global leadership position
in luxury products.

During the quarter and to date, no events or changes have occurred which could
significantly modify the Group’s financial structure.

Regulated information related to this press release and presentation available
on our internet


LVMH – Revenue by business group and by quarter

9 months 2012
(Euro      Wines &  Fashion  Perfumes   Watches  Selective  Other         
millions)             and       &           &                     Activities
          Spirits  Leather  Cosmetics  Jewelry  Retailing  &             Total
                      Goods                                       Eliminations
First      926      2 374    899        630      1 823      (70)          6 582
Second     833      2 282    828        713      1 767      (39)          6 384
Third      1 006    2 523    898        690      1 862      (79)          6 900
Total      2 765    7 179    2 625      2 033    5 452      (188)         19
revenue                                                                          866

9 months 2011
(Euro      Wines &  Fashion  Perfumes   Watches  Selective  Other         
millions)             and       &           &                     Activities
          Spirits  Leather  Cosmetics  Jewelry  Retailing  &             Total
                      Goods                                       Eliminations
First      762      2 029    803        261      1 421      (29)          5 247
Second     673      1 942    715        315      1 410      (10)          5 045
Third      871      2 218    793        636      1 547      (54)          6 011
Total      2 306    6 189    2 311      1 212    4 378      (93)          16
revenue                                                                          303

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, Vodka Belvedere, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes,
Cheval des Andes, Green Point, Cape Mentelle, Newton, Wen Jun. Its Fashion and
Leather Goods division includes Louis Vuitton, the world's leading luxury
brand, as well as Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio
Pucci, Donna Karan, Marc Jacobs and Berluti. 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 as in other activities through DFS,
Sephora, Le Bon Marché, 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.”


Analysts and investors:
Chris Hollis
+ 33
France :
DGM Conseil
Michel Calzaroni/Olivier Labesse/
Sonia Fellmann/Hugues Schmitt
+ 33
M: Communications
Hugh Morrison
+ 44.207.920.2334
+ 44.773.965 5492
Michele Calcaterra/Mateo Steinbach
Kekst & Company
James Fingeroth/Molly Morse/
Dawn Dover/Micheline Tang
+1 212.521.4800
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