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LVMH shows good resilience in the first quarter of 2025
Globenewswire· 2025-04-14 15:45
Core Viewpoint - LVMH Moët Hennessy Louis Vuitton reported a revenue of €20.3 billion in Q1 2025, demonstrating resilience and innovative momentum despite a challenging geopolitical and economic environment [1][9]. Revenue Performance - Revenue by region showed Europe achieving growth, while the United States experienced a slight decline. Japan's revenue decreased compared to Q1 2024, which had benefitted from strong Chinese consumer spending [2]. - Total revenue for LVMH decreased by 2% year-over-year, with an organic decline of 3% [2]. Business Group Performance - **Wines & Spirits**: Revenue declined by 8% reported and 9% organic, with Champagne showing slight decreases and Cognac affected by weaker demand in China and the U.S. [2][3]. - **Fashion & Leather Goods**: Revenue decreased by 4% reported and 5% organic, but showed resilience compared to a strong Q1 2024. Notable successes included a relaunch of a collection with Takashi Murakami and the introduction of a new cosmetics segment [2][4]. - **Perfumes & Cosmetics**: Revenue remained stable, supported by successful product launches and innovations in fragrances and skincare [5][6]. - **Watches & Jewelry**: Revenue was stable, with Tiffany & Co. expanding its iconic lines and TAG Heuer returning as the Official Timekeeper of Formula 1 [7]. - **Selective Retailing**: Revenue was stable, with Sephora continuing to grow and DFS facing challenges due to international conditions [8]. Strategic Focus - LVMH remains vigilant and confident, focusing on brand development through innovation, investment, and a commitment to quality and desirability in its products [9][10].