Executive Summary

• LVMH Moët Hennessy Louis Vuitton increased its revenues by 15% year over year in 1Q17, to €9,884 million, ahead of the consensus estimate of €9,521 million. Revenues jumped 13% year over year on an organic basis.
• The Asia, Europe and US markets all achieved positive sales growth in the quarter.
• The very strong results were driven by standout sales growth across all five business segments. The Fashion & Leather Goods and Wines & Spirits segments saw the strongest organic sales growth, at 15% and 13%, respectively