LVMH Moët Hennessy Louis Vuitton, the world's leading luxury group, recorded revenue of 4 billion euros in the first quarter of 2009. This marked a slight increase versus the same period in 2008, despite the particularly unfavourable economic climate. Notwithstanding the current environment, Louis Vuitton demonstrated its remarkable momentum with double-digit revenue growth during the quarter. The Group continues to gain market share in the global luxury market.

Watches & Jewelry reported a 27% decrease in revenue in the first quarter of 2009.  This was principally due to global de-stocking by watch and jewelry retailers and by the considerable exposure of TAG Heuer and De Beers to the American market. The new collections presented at the Basel watch fair were very well-received. These were focused on the iconic lines Aquaracer 500 by TAG Heuer, Big Bang King Power by Hublot, Chronomaster El Primero by Zenith and Christal Automatiques by Dior. Our brands, despite the context of de-stocking at retailers, gained consumer market share.

Source: LVMH

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