Lvmh Moet Hennessy Louis Vuitton Se · EURONEXT:MC
Lvmh Moet Hennessy Louis Vuitton — LVMH Moët Hennessy - Louis Vuitton — Q1 2026 Earnings Presentation
26 slides from Lvmh Moet Hennessy Louis Vuitton's earnings presentation, Apr 13, 2026
Slide 1: Q1 2026 revenue
Q1 2026 revenue April 13, 2026 Christian Dior
Slide 2: Disclaimer
This document may contain certain forward looking statements which are based on estimations and forecasts. By their nature, these forward looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in LVMH’s
Slide 3: Continued organic growth in the first quarter for LVMH
Continued organic growth in the first quarter for LVMH in a global environment impacted by the conflict in the Middle East +1% Wines & Spirits Good start to the year supported by Chinese New Year Sephora ORGANIC REVENUE Fashion & Leather Goods Solid momentum across all CHANGE Good response to produc
Slide 4: Change in revenue over the first quarter of 2026
Change in revenue over the first quarter of 2026 Q1 2026 evolution of revenue (in million of euros) Organic growth Structure impact Currency effect 20 311 19 121 +1% 0% - 7% -6% Q1 2025 Q1 2026 4 Q1 2026 revenue
Slide 5: Balanced geographic revenue mix
Balanced geographic revenue mix Breakdown of Q1 2026 revenue by region (in % of total revenue) €19.1bn REVENUE UNITED STATES FRANCE 23% 7% vs. 8% in Q1 2025 vs. 24% in Q1 2025 JAPAN 8% vs. 9% in Q1 2025 OTHER MARKETS EUROPE (excl. France) 14% 16% ASIA (excl. Japan) vs. 14% in Q1 2025 vs. 15% in Q1 2
Slide 6: Q1 2026 organic revenue change by region
Q1 2026 organic revenue change by region % organic change by region Q1 2026 % organic change Europe -3% United States +3% Japan -3% Asia (excl. Japan) +7% Total LVMH +1% 6 Q1 2026 revenue
Slide 7: Business groups review
Business groups review Louis Vuitton
Slide 8: Wines & Spirits
BUSINESS GROUPS REVIEW Wines & Spirits Dom Pérignon 8 Q1 2026 revenue
Slide 9: Wines & Spirits organic revenue up 5% versus Q1 2025
Wines & Spirits organic revenue up 5% versus Q1 2025 Wines & Spirits – Q1 2026 evolution of revenue (in million of euros) Cognac & Spirits Champagne & Wines Organic growth Structure impact Currency effect 1 305 1 273 +5% 0% -7% 629 610 -2% 676 663 Q1 2025 Q1 2026 9 Q1 2026 revenue — Wines & Spirits
Slide 10: Wines & Spirits – Good start to the year for Champagne, good Chinese New Year
Wines & Spirits – Good start to the year for Champagne, good Chinese New Year ORGANIC ORGANIC REVENUE REVENUE CHAMPAGNE COGNAC & WINES & SPIRITS +5% +5% Champagne & Wines Cognac & Spirits ⎯ Hennessy : favorable Chinese New Year phasing and performance compensating ⎯ Good start to the year for Champa
Slide 11: Fashion & Leather Goods
BUSINESS GROUPS REVIEW Fashion & Leather Goods Louis Vuitton 11 Q1 2026 revenue
Slide 12: Fashion & Leather Goods organic revenue down 2% versus Q1 2025
Fashion & Leather Goods organic revenue down 2% versus Q1 2025 Fashion & Leather Goods – Q1 2026 evolution of revenue (in million of euros) Organic growth Structure impact Currency effect 10 108 9 247 -2% 0% -7% -9% Q1 2025 Q1 2026 12 Q1 2026 revenue — Fashion & Leather Goods
Slide 13: Fashion & Leather Goods – American and Chinese demand improving, Middle East impacted
Fashion & Leather Goods – American and Chinese demand improving, Middle East impacted by ongoing conflict Louis Vuitton Christian Dior Couture Loro Piana Nomadic Reverie collection unveiled; Loro Piana Royal Lightness®, the latest expression of the Maison’s textile innovation and excellence ⎯ 130th
Slide 14: Perfumes & Cosmetics
BUSINESS GROUPS REVIEW Perfumes & Cosmetics 14 Q1 2026 revenue
Slide 15: Perfumes & Cosmetics comparable organic revenue versus Q1 2025
Perfumes & Cosmetics comparable organic revenue versus Q1 2025 Perfumes & Cosmetics – Q1 2026 evolution of revenue (in million of euros) Organic growth Structure impact Currency effect 2 178 2 038 0% 0% -6% -6% Q1 2025 Q1 2026 15 Q1 2026 revenue — Perfumes & Cosmetics
Slide 16: Perfumes & Cosmetics – Good performance from star brands; ongoing innovation
Perfumes & Cosmetics – Good performance from star brands; ongoing innovation and highly selective retail approach Parfums Christian Dior Guerlain Success of Aqua Allegoria collection Maison Expansion of OUD collection; Expanded enriched with Tabac Sahara and Florabloom Francis Drops exhibition at Pa
Slide 17: Watches & Jewelry
BUSINESS GROUPS REVIEW Watches & Jewelry Tiffany & Co. 17 Q1 2026 revenue
Slide 18: Watches & Jewelry organic revenue up 7% versus Q1 2025
Watches & Jewelry organic revenue up 7% versus Q1 2025 Watches & Jewelry – Q1 2026 evolution of revenue (in million of euros) Organic growth Structure impact Currency effect 2 482 2 443 +7% 0% -8% -2% Q1 2025 Q1 2026 18 Q1 2026 revenue — Watches & Jewelry
Slide 19: Watches & Jewelry – Very strong growth of iconic lines
Watches & Jewelry – Very strong growth of iconic lines Tiffany & Co. Bvlgari TAG Heuer Renewed high-profile presence at Formula 1 2026 season ⎯ Very strong growth of the iconic collections inc. ⎯ Continued strong momentum thanks to the excellent Hublot Official Watch and Timekeeper of The Snow Leagu
Slide 20: Selective Retailing
BUSINESS GROUPS REVIEW Selective Retailing 20 Q1 2026 revenue Sephora
Slide 21: Selective Retailing organic revenue up 4% versus Q1 2025
Selective Retailing organic revenue up 4% versus Q1 2025 Selective Retailing – Q1 2026 evolution of revenue (in million of euros) Organic growth Structure impact Currency effect 4 189 4 048 +4% 0% -8% -3% Q1 2025 Q1 2026 21 Q1 2026 revenue — Selective Retailing
Slide 22: Selective Retailing – Sephora solid growth across key markets; DFS ongoing disposal of assets
Selective Retailing –Sephora solid growth across key markets; DFS ongoing disposal of assets Sephora DFS Le Bon Marché ⎯ Solid performance in key markets ⎯ Continued optimization of store network ⎯ Exclusive, distinctive concepts and a diverse range of ⎯ Continued store network expansion products ⎯
Slide 23: Conclusion
Christian Dior Conclusion
Slide 24: Well positioned to gain market shares, vigilant on macro and geopolitical uncertainties
Well positioned to gain market shares, vigilant on macro and geopolitical uncertainties Continued focus on icons Well positioned to gain market shares Attention to local demand Good progress in Q1 Impact of Middle East Agility and efficiency Selective investments 24 Q1 2026 revenue
Slide 25: Annex
Christian Dior Annex
Slide 26: Q1 2026 revenue by business group
Q1 2026 revenue Q1 2026 revenue by business group (in million of euros) % change Q1 2025 Q1 2026 Reported Organic* Wines & Spirits 1 305 1 273 -2% +5% Fashion & Leather Goods 10 108 9 247 -9% -2% Perfumes & Cosmetics 2 178 2 038 -6% 0% Watches & Jewelry 2 482 2 443 -2% +7% Selective Retailing 4 189
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