LVMH Moët Hennessy - Louis Vuitton (LVMHF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good afternoon and thank you for joining today's conference call. I'm Rodolphe Feuzan, Director of Financial Communications at RVMH and with me is Cecile Cabanis, our Chief Financial Officer. Cecile will start by taking you through the key highlights of the first quarter and I will then comment our performance by business group, after which Cecile will conclude and will be happy to take your questions. As a reminder, certain information to be discussed on today's call is forward-looking, subject to important risk uncertainties that could cause actual results to differ materially. For these, I refer you to the safe harbor statement included in our press release and on slide 2 of our presentation. Turning now to our announcement, our release was issued a short while ago in French and English and is available on the website lvmh.com as are the slides for the call. Let's now move on to today's topic, our first quarter 2026 figures and passing over to Cecile who will comment the key highlights for this quarter. Thank you, Rodolphe, and thank you all for joining our Q1 results call, starting with a few comments on the first three months of the year on slide three. As you see on the chart, LVMH continued to grow organically in Q1 with improved trends across most businesses. The quarter was impacted by the ongoing conflict in Middle East, which had a tangible incidence on demand in the region in March, after a good start of the year, and this accounting for a negative one percentage point on the growth of the quarter, so excluding this impact, organic growth would have been plus 2%. On Middle East, I would like to thank all the teams and the partners locally, who had an incredible reaction, protecting our teams and consumers, which is our priority, and ...