LVMH: 8% INCREASE IN REVENUE FOR THE FIRST NINE MONTHS OF 2013 Paris, 15 October 2013 LVMH Moët Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenue of €20.7 billion for the first nine months of 2013, an increase of 4% over the comparable period in 2012. Organic revenue grew by 8%. The Group also recorded an 8% rise in organic revenue for the third quarter. The Wines & Spirits and Watches & Jewelry business groups both accelerated their respective growth rates when compared to the first half of 2013. The performance of the other business groups was comparable to the start of the year. Europe has shown good resilience and the US and Asia continue to record strong growth. Revenue by business group: In million euros 9 months 2013 9 months 2012 Change 2013/2012 first 9 months Reported Organic* Wines & Spirits 2 840 2 765 + 3 % + 7 % Fashion & Leather Goods 7 139 7 179 - 1 % + 4 % Perfumes & Cosmetics 2 683 2 625 + 2 % + 5 % Watches & Jewelry 1 987 2 033 - 2 % + 3 % Selective Retailing 6 316 5 452 + 16 % + 19 % Other activities & eliminations (250) (188) ns ns Total 20 715 19 866 + 4 % + 8 % * with comparable structure and constant exchange rates. TheWines & Spiritsbusiness group recorded organic revenue growth of 7% for the first nine months of 2013. Champagne experienced a rebound in the third quarter, driven by strong demand in the Asian and American markets, and its prestige brands made strong progress over the period. Hennessy cognac continued its good progress with solid volume increases combined with its firm pricing policy. TheFashion & Leather Goodsbusiness group recorded organic revenue growth of 4% for the first nine months of the year. Louis Vuitton continues to implement its strategy of very high product quality and distribution excellence. The latest creations in leather goods have been very successful. Fendi continued to focus on fur and leather goods and its third quarter was marked by the opening of stores in Paris and Milan. Céline showed excellent momentum, supported by its leather goods and shoe lines. Other brands continued their development. ThePerfumes & Cosmeticsbusiness group registered organic revenue growth of 5% for the first nine months of 2013. Parfums Christian Dior continued its growth, fuelled by the performance of its iconic products and its innovations. The continued success of J'Adore and Dior Homme and the development of Rouge Dior makeup were among the highlights of the last quarter. At Guerlain, a new campaign was devoted to the iconic fragrance Shalimar while La Petite Robe Noire celebrated its first anniversary. Fresh, Benefit and Make Up For Ever continued to record good growth, particularly in Asia where the brands are expanding their distribution. TheWatches & Jewelrybusiness group recorded organic revenue growth of 3% for the first nine months of 2013. The performance of LVMH in both watches and jewelry remains excellent in its own stores. Among other initiatives in the third quarter, Bulgari successfully launched the new high jewelry line Diva and TAG Heuer's new movement manufacturing facility started its operations. All brands continued to expand their store networks around the world, helping to strengthen the quality of distribution. TheSelective Retailingbusiness group achieved organic revenue growth of 19% for the first nine months of 2013. DFS sales are growing strongly, driven by the excellent performance of its Gallerias in Macao and Hong Kong and the integration for the first time this year of the activities of its three new Hong Kong airport concessions. Sephora continues to gain market share in key regions. Same-store sales growth was particularly strong in the United States and Asia. The expansion of the distribution network continues with several openings in the last quarter. Online sales are also experiencing rapid growth in all regions. Outlook Despite the uncertain economic environment in Europe, LVMH remains confident for 2013. The Group will continue 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 2013, its global leadership in the luxury market. 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 is available on our internet site www.lvmh.com APPENDIX LVMH - Revenue by business group and by quarter 9 months 2013 Fashion Watches Other (Euro Wines & & Perfumes & & Selective activities and Total millions) Spirits Leather Cosmetics Jewelry Retailing eliminations Goods First 979 2 383 932 624 2 122 (93) 6 947 Quarter Second 829 2 328 872 686 2 093 (60) 6 748 Quarter Third 1 032 2 428 879 677 2 101 (97) 7 020 Quarter Total 2 840 7 139 2 683 1 987 6 316 (250) 20 revenue 715 9 months 2012 Fashion Watches Other (Euro Wines & & Perfumes & & Selective activities and Total millions) Spirits Leather Costmetics Jewelry Retailing eliminations Goods First 926 2 374 899 630 1 823 (70) 6 582 Quarter Second 833 2 282 828 713 1 767 (39) 6 384 Quarter Third 1 006 2 523 898 690 1 862 (79) 6 900 Quarter Total 2 765 7 179 2 625 2 033 5 452 (188) 19 revenue 866 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, Wen Jun, Belvedere, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton et Numanthia. Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti and Nicholas Kirkwood. 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 Diamond Jewellers Ltd, 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 +44207.307.5341 Capital MSL Italy: Michele Calcaterra/Mateo Steinbach +39 02.8905.5101 Carlo Bruno&Associati US: James Fingeroth/Molly Morse/ +1 212.521.4800 Anntal Silver Kekst & Company LVMH2013ThirdQuarterRevenue ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: LVMH via Thomson Reuters ONE HUG#1735798
LVMH: 8% INCREASE IN REVENUE FOR THE FIRST NINE MONTHS OF 2013
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