LVMH: 18% INCREASE IN REVENUE
FOR THE FIRST NINE MONTHS OF 2015



Paris, 12 October 2015

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded
an 18% increase in revenue, reaching €25.3 billion, for the first nine months of 2015. Organic
revenue grew 6% compared to the same period in 2014.

With organic revenue growth of 7% for the third quarter, the trend remains comparable to
that recorded in the first half of the year. The Group continues to deliver strong growth in
Europe and the United States, and is seeing an acceleration in Japan.

Revenue by business group:

In million euros Change 2015/2014
9 months 9 months
first 9 months
2015 2014 Reported Organic*
Wines & Spirits 3 129 2 625 + 19 % +7%

Fashion & Leather Goods 8 872 7 677 + 16 % +5%

Perfumes & Cosmetics 3 261 2 800 + 16 % +7%

Watches & Jewelry 2 404 1 972 + 22 % + 10 %

Selective Retailing 7 905 6 616 + 19 % +5%

Other activities & eliminations (283) (293) ns ns

Total 25 288 21 397 + 18 % +6%
* With comparable structure and constant exchange rates.

The Wines & Spirits business group recorded organic revenue growth of 7% in the first nine
months of 2015 with a notable acceleration in the third quarter. Champagne volumes
experienced growth of 5% over the period driven by good performance in its main markets.
Hennessy cognac, whose volumes increased 12%, benefited in the third quarter from a strong
rebound in shipments to China and continued excellent momentum in the United States.
Other spirits, Glenmorangie and Belvedere, continue to grow rapidly.




1/4
 




The Fashion & Leather Goods business group recorded organic revenue growth of 5% for
the first nine months of 2015. Louis Vuitton continued its growth and displayed strong
creative momentum in all of its collections. Leather goods in particular saw great success
with the creativity around Monogram and the craftsmanship on leather. The store evolution,
the opening of the house at Asnières on the same site as Louis Vuitton’s historic workshop,
marked the third quarter. Fendi generated strong revenue growth thanks to the excellent
performance of all its products. Loro Piana continued the qualitative development of its store
network. Céline, Givenchy and Kenzo experienced sustained revenue growth. Marc Jacobs
and Donna Karan continued the repositioning of their collections.

The Perfumes & Cosmetics business group recorded organic revenue growth of 7% for the
first nine months of 2015. Parfums Christian Dior continued to benefit from the momentum
of its iconic fragrances J’Adore, Miss Dior and Dior Homme, and launched, with great
success, its new men’s fragrance Sauvage. The make-up segment also contributed to the
excellent performance of the brand thanks to its latest innovation Dior Addict Lipstick.
Guerlain was boosted by the growing success of its perfumes and its premium skincare
ranges Abeille Royale and Orchidée Impériale. Benefit, Fresh and Make Up For Ever all
enjoyed excellent performance.

The Watches & Jewelry business group recorded organic revenue growth of 10% for the
first nine months of 2015. Bvlgari performed remarkably well driven by all product
categories and all regions of the world. Hublot grew rapidly and increased its production
capacity with the opening of its second production facility in Nyon, Switzerland. TAG Heuer
continued the development of its core offering. Its new smartwatch, made in partnership with
Google and Intel, will be unveiled in November.

The Selective Retailing business group recorded organic revenue growth of 5% for the first
nine months of 2015. DFS continued to navigate an uncertain geopolitical and currency
context in some tourist destinations. Sephora continued to gain market share in all its
markets. Comparable store revenue growth was particularly strong. Online sales are rapidly
increasing in all regions, confirming Sephora’s leadership in the digital and mobile space.

Outlook
In an uncertain economic and financial environment, LVMH will continue its strategy
focused 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 its
global leadership in the luxury market in 2015.

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




2/4
 




APPENDIX

LVMH – Revenue by business group and by quarter




2015 Revenue (Euro millions)
Wines & Fashion & Perfumes & Watches & Selective Other activities
Total
FY 2015
Spirits Leather Goods Cosmetics Jewelry Retailing & eliminations
First Quarter 992 2 975 1 094 723 2 656 (117) 8 323
Second Quarter 938 2 958 1 065 829 2 635 (41) 8 384
1 930 5 933 2 159 1 552 5 291 (158)
Total First Half 16 707
Third Quarter 1 199 2 939 1 102 852 2 614 (125) 8 581

Nine months 3 129 8 872 3 261 2 404 7 905 (283) 25 288


2015 Revenue (Organic growth)
Wines & Fashion & Perfumes & Watches & Selective Other activities
Total
FY 2015
Spirits Leather Goods Cosmetics Jewelry Retailing & eliminations
First Quarter -1% +1% +6% +7% +5% - +3%
Second Quarter +5% +10% +6% +13% +5% - +9%
Total First Half +2% +5% + 6% +10% +5% - +6%
Third Quarter +16% +3% +7% +11% +5% - +7%

Nine months +7% +5% +7% +10% +5% - +6%



2014 Revenue (Euro millions)
Wines & Fashion & Perfumes & Watches & Selective Other activities
Total
FY 2014
Spirits Leather Goods Cosmetics Jewelry Retailing & eliminations
First Quarter 888 2 639 941 607 2 222 (91) 7 206
Second Quarter 789 2 391 898 659 2 160 (94) 6 803
Total First Half 1 677 5 030 1 839 1 266 4 382 (185) 14 009
Third Quarter 948 2 647 961 706 2 234 (108) 7 388

Nine months 2 625 7 677 2 800 1 972 6 616 (293) 21 397




3/4
 




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,
Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Wen Jun,
Belvedere, 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, Nicholas Kirkwood and Loro Piana.
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, 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: Hugh Morrison / Hannah Glynn + 44.203.770 7903
Montfort Communications
Italy: Michele Calcaterra/ Matteo Steinbach +39 02 6249991
SEC and Partners
US: James Fingeroth/Molly Morse/ +1 212.521.4800
Anntal Silver
Kekst & Company




4/4