French luxury goods manufacturer Moët Hennessy Louis Vuitton recently announced its financial report that the group’s first quarter 2012 sales reached 6.6 billion euros, an increase of 25% year-on-year, higher than market expectations On a constant exchange rate basis, total revenue increased by 14% compared to the same period in 2011.
The Group continued to maintain the strong momentum of rapid growth since last year, especially in Asia and the United States, where growth was strongest, while the European region has also overcome the adverse external environmental factors to achieve growth.
In the first quarter of 2012, revenue from the watch and jewelry business increased by 17%, excluding the revenue from Bulgari, which Bulgari acquired in March 2011. When added to the business revenue of the acquired Bulgari, the Group’s watch and jewellery business revenue surged from 261 million euros to 630 million euros – a 141% increase.
The report also shows that the new brands launched by the Group’s brands at the BaselWorld Basel World Watch & Jewellery Show have been well received and retail orders have continued. TAG Heuer’s Link Lady, Hublot’s earlier model Magic Gol with new materials, and Pilot Aéronef by Zenith are particularly popular. In the jewelry business, the Bulgari Serpenti series has performed well. Under its leadership, Bulgari has achieved a good start this year. Chaumet and Fred both achieved double-digit growth.