5% organic revenue growth in the first nine months of 2016

The Wines & Spirits business group recorded organic revenue growth of 7% in the first nine months of 2016. Champagne volumes grew 3% over the period, with a particularly strong performance in prestige cuvées. Hennessy cognac saw its volumes increase by 9%. The United States continued to enjoy strong growth and China showed improved momentum during the period, following the destocking of distributors in 2015. Other spirits, Glenmorangie and Belvedere continued their development.

The Fashion & Leather Goods business group recorded organic revenue growth of 2% for the first nine months of 2016 with an acceleration in the third quarter. Louis Vuitton maintained strong momentum and ventured into a new territory with the launch of the Louis Vuitton perfumes. The seven fragrances, created by Master Perfumer Jacques Cavallier Belletrud, have made a very promising start. The new Horizon luggage, conceived by Marc Newson, was also among the major innovations of the last quarter. Fendi generated significant revenue growth. Loro Piana inaugurated a flagship store in Paris on Avenue Montaigne. Céline, Loewe and Kenzo experienced good growth. Marc Jacobs continued the repositioning of its collections. An agreement was announced for the sale of the Donna Karan business. LVMH announced the acquisition of a majority stake in the German Maison, Rimowa, global leader in high quality luggage. The transaction, subject to the approval of the competition authorities, is due to be completed in January 2017.

The Perfumes & Cosmetics business group recorded organic revenue growth of 8% for the first nine months of 2016, outperforming the market. Parfums Christian Dior continued its strong performance, gaining market share in all countries. The continued momentum of its iconic fragrances, the great success of Sauvage and its latest innovations in the makeup segment were the main drivers of the growth of the brand. Guerlain successfully expanded its perfume brand, La Petite Robe Noire, into the world of makeup, a segment in which Givenchy saw strong growth. Supported by a bold marketing campaign, the launch of the new perfume Kenzo World, was a success. Benefit, Make Up For Ever, Fresh and Kat Von D all delivered excellent performance.

The Watches & Jewelry business group recorded organic revenue growth of 4% for the first nine months of 2016. Bvlgari continued to gain market share and showed major creative momentum by enriching its iconic product lines, notably with the recent launch of Serpenti Seduttori. TAG Heuer made great progress in a difficult market, benefiting particularly from the success of its new collections and its smartwatch. Hublot continued the development of its iconic lines, Classic Fusion and Big Bang. Chaumet furthered its progress, driven by the success of its Joséphine and Lien collections.

The Selective Retailing business group recorded organic revenue growth of 6% for the first nine months of 2016. Sephora continued to gain market share in all its markets and recorded double-digit revenue growth. Online sales rapidly increased in all regions and Sephora continued its store opening program. DFS navigated a difficult tourist environment in Asia, particularly in Macao and Hong Kong. After Cambodia in the first half, DFS opened in September a new T Galleria in Europe, in Venice, thus expanding its presence in major tourist destinations.

Outlook
In an uncertain geopolitical and currency 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 2016.

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 site www.lvmh.com.

Appendix – Revenue by business group and by quarter