PARIS, Oct. 15 /PRNewswire-FirstCall/ -- LVMH Moet Hennessy Louis Vuitton, the world's leading luxury products group, achieved revenues of EUR 11.4 billion in the first nine months of 2007, reflecting organic growth of 13% compared to the same period in 2006. LVMH recorded accelerated growth in the third quarter compared to the already very favorable trends at the beginning of the year, thanks notably to the continued exceptional performance of Louis Vuitton. Organic revenue growth reached 15% during the period, a development which is even more noteworthy in view of the robust growth achieved in the third quarter of 2006. This performance reflects the exceptional appeal of the LVMH brands and products, which continued to increase their market share, the success of the Group's strategy and the effectiveness of the teams who succeeded in achieving ever-increasing results. By business group, revenue progress was as follows: In EUR Millions First nine First nine Variation 2007 / 2006 months of months of First nine months 2007 2006 Reported Organic* Wines & Spirits 2 073 1 894 + 9 % + 14 % Fashion & Leather Goods 4 021 3 729 + 8 % + 14 % Perfumes & Cosmetics 1 961 1 807 + 9 % + 12 % Watches & Jewelry 589 509 +16 % + 22 % Selective Retailing 2 882 2 722 + 6 % + 11 % Other Activities and eliminations (80) (35) - - Total 11 446 10 626 + 8 % + 13 % * with a comparable structure and constant exchange rates Wines & Spirits business group achieved organic revenue growth of 14% during the first nine months of 2007. Champagne and cognac volumes increased by 8% and 11% over the period respectively, in a context of increased prices and an improvement in product mix, supported by the success of rose champagnes and Hennessy's premium qualities. Following the acquisition of the brand in the US, Belvedere vodka resumed its activity in the third quarter. New World Wines saw double-digit revenue growth in all their markets. Fashion & Leather Goods business group achieved 14% organic revenue growth during the first nine months of the year. Louis Vuitton recorded double-digit organic revenue growth during the period. Business was particularly active in Europe, the US and Asia. In Japan, the favourable trends observed in the second quarter continued throughout the summer. Fendi continued its strong growth, driven by the success of its leather goods lines. The positive momentum of other brands, notably Marc Jacobs, Givenchy and Loewe, was confirmed in the third quarter. Perfumes & Cosmetics business group recorded organic revenue growth of 12% during the first nine months of the year. Performance was particularly positive in Europe and Asia. Christian Dior launched, with major success, its new perfume Midnight Poison. Guerlain launched L'Instant Magic. The launches of TokyobyKenzo, Palazzo Fendi and Pucci's Vivara, as well as Benefit's rapid progress contributed to the growth. Watches & Jewelry business group saw organic revenue growth of 22% in the first nine months of the year. TAG Heuer registered strong growth thanks to the excellent performance of its Carrera, Aquaracer and Link lines. Zenith made particularly remarkable advances in the Middle East, Russia and the US. Dior continued its progress thanks to the success of Christal, notably in Europe and Asia. Chaumet and De Beers made significant progress. In Selective Retailing, DFS benefited from the growing number of Asian travelers and saw rapid growth in Hong Kong and Singapore. Sephora continued to win market share in Europe and in the US and to expand its business in the Middle East and China. Its store network has grown at a steady rate. Outlook LVMH relies on the considerable appeal of its products and brands to continue the momentum it has enjoyed since the beginning of the year, in a very well-oriented global economic environment, moderated by the weight of the excessive valuation of the Euro felt by European producers; in this context, LVMH confirms its objective of a significant increase in its results in 2007. The regulated information linked to this press release is available on the website http://www.lvmh.fr/ About LVMH LVMH Moet Hennessy Louis Vuitton is the world's leading luxury goods group. The Group is represented in Wines and Spirits by a portfolio of brands that includes Moet & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Chateau d'Yquem, Hennessy, Glenmorangie, Ardbeg, Belvedere Vodka, Chopin, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, StefanoBi as well as eLUXURY, the authoritative online source for luxury goods on the Internet. 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 through DFS, Sephora in Europe and the United States, Le Bon Marche and La Samaritaine. LVMH's Watches and Jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred, the prestigious Italian writing instruments company of Omas and De Beers Diamond Jewellers Limited, 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 - LVMH + 33 1 44 13 21 22 Media: France: Michel Calzaroni /Olivier Labesse / + 33 1 40 70 11 89 Sonia Fellmann DGM Conseil UK: Hugh Morrison + 44 207 153 15 34 M: Communications Italy: Financial and Corporate Press +39 02 89 40 42 31 Auro Palomba / Roberto Patriarca Community Group US: James Fingeroth / Victoria Weld / +1 212 521 48 00 Molly Morse Kekst & Company DATASOURCE: LVMH CONTACT: Analysts and investors: Chris Hollis of LVMH, +33-1-44-13-21-22; or Media: France, Michel Calzaroni, Olivier Labesse, Sonia Fellmann, all of DGM Conseil, +33-1-40-70-11-89; or UK, Hugh Morrison of M: Communications, +44-207-153-15-34; or Italy, Financial and Corporate Press, Auro Palomba or Roberto Patriarca, both of Community Group, +39-02-89-40-42-31; or US, James Fingeroth, Victoria Weld, Molly Morse, all of Kekst & Company, +1-212-521-4800, all for LVMH Web site: http://www.lvmh.fr/

Copyright