This figure demonstrates “strong resilience” across its various brands and business sectors, “despite a turbulent geopolitical and economic environment,” the company emphasized in a statement.
The largest division, fashion and leather goods, saw its revenue decline by 4% to 10.108 billion euros, while wines and spirits dropped by 8%.
Conversely, perfumes and cosmetics, as well as selective retailing, remained unchanged, while watches and jewelry experienced a 1% increase in sales.
LVMH did not provide detailed figures by region but noted that Europe “continues to grow,” whereas the United States experienced “a slight decline.”
Throughout Asia, figures remain “comparable” to those of 2024, with the exception of Japan, which saw a decline compared to the first quarter of last year when sales experienced a “strong increase,” it added.
The group, comprising over 70 luxury brands such as Louis Vuitton, Dior, Givenchy, or Loewe (fashion), Bulgari, Chaumet, or Tag Heuer (jewelry), Moët Chandon, Dom Pérignon, or Hennessy (beverages), continues its operations across various sectors.
