Bernard Arnault On LVMH Group'S Performance

The market forecasts that the euro's fall against the US dollar will stimulate sales in the eurozone. Meanwhile, despite a wave of luxury price cuts in the Chinese market, the trend of Chinese consumers' consumption in Europe and the US will only become more and more prosperous.

Bernard Arnault hopes that the good momentum in the first quarter will continue throughout the year.

LVMH Mo t Hennessy Louis Vuitton SA (MC.PA) MOET & CHANDON Hennessy LV group chief executive officer Bernard Arnault said it benefited from the weakening of the euro, and the group's leather and luxury income in 2015 will be improved.

The comments were released after the Arnault earnings conference unveiled a 15.5% earnings increase in the first quarter.

April 14th

Released in the first quarter of fiscal year 2015 ending March 31, 2015, the company recorded 8 billion 323 million euros in revenue, far exceeding the market forecast of 8 billion 130 million euros, and the same period in the 2014 fiscal year, 7 billion 206 million euros.

All sectors of the group achieve double-digit growth in real exchange rate, excluding foreign exchange.

And other one-time projects, with Bulgari Bvlgari, Hublot Yu ship and TAG Heuer Heuer brand watches and jewelry department led by 7% organic growth, followed by an increase of 6% of the perfume and cosmetics sector; however, the group's major luxury brands and the most profitable brand.

The growth of Louis Weedon's fashion leather Department has slowed down again, with only 1% organic growth, less than 2% of market expectations, and a significant regression than the 9% increase in the 4% and 2014 fiscal year of fiscal 2014.

According to data, LVMH from December 31, 2014's fiscal year 2014 fell 5% from its continued operating profit, falling to 5 billion 715 million euros from 6 billion 7 million euro 2013 in the same period of fiscal year 2013, but with the Herm e International SCA (HRMS.PA) Hermes international agreement, the 23.2% Herm y s shares held by the shareholders were 2 billion 810 million euros, and the net profit of LVMH group was still up 54.7% in the year of 2014 fiscal year, from 2013 in the same period of the 2013 fiscal year 3 billion 947 million 6 billion 105 million euro.

Bernard Arnault said that the euro's weakness, fuel price decline and European macroeconomic improvement will make LVMH confident in 2015.

The hard environment in 2014 led to the first decline in LVMH core profits in 5 years, and Bernard Arnault said the data would rebound in 2015.