Moët Hennessy Louis Vuitton recorded a 25 per cent increase in first-quarter 2012 revenue to 6.6 billion Euros. Organic revenue growth, i.e. assuming a comparable structure and constant exchange rates, was 14 per cent compared with the same period in 2011.
The Group continued its excellent momentum at the start of the year with particularly fast growth in Asia and in the United States and good progress in Europe despite the contrasting environment.
The Watches & Jewellery business group recorded organic revenue growth of 17 per cent in the first quarter of 2012. This excludes revenue from Bulgari, which LVMH acquired in March 2011. With the acquisition of Bulgari taken into account, the revenue for the watches & jewellery business group rocketed from 261 million Euros to 630 – a leap of 141 per cent.
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| Bulgari, Serpenti collection |
The group reports an increase in retail watch orders after the new models presented at BaselWorld were well received. TAG Heuer’s Link Lady, Hublot’s early models made with its new Magic Gold and Zenith’s Pilot Aéronef were particularly popular. In jewellery, Bulgari had an excellent start to the year, led by the remarkable performance of its Serpenti collection. Chaumet and Fred both recorded double-digit growth.
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