LVMH: 5% ORGANIC REVENUE GROWTH
IN THE FIRST NINE MONTHS OF 2016


Paris, 10 October 2016


LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded a
4% increase in revenue, reaching €26.3 billion, for the first nine months of 2016. Organic
revenue grew 5% compared to the same period in 2015.

With organic revenue growth of 6%, the third quarter saw an acceleration compared to the
first half of the year. Asia, excluding Japan, showed a significant improvement during the
quarter. The United States remains well positioned, as does Europe, with the exception of
France which continues to feel the impact of a decline in the number of tourists.

Revenue by business group:

In million euros Change 2016 / 2015
9 months 9 months
First 9 months
2016 2015
Reported Organic*

Wines & Spirits 3 281 3 129 +5% +7%

Fashion & Leather Goods 8 991 8 872 +1% +2%

Perfumes & Cosmetics 3 578 3 371 +6% +8%

Watches & Jewelry 2 486 2 404 +3% +4%

Selective Retailing 8 283 7 878 +5% +6%

Other activities & eliminations (293) (366) ns ns

Total 26 326 25 288 +4% +5%
* With comparable structure and constant exchange rates.



The Wines & Spirits business group recorded organic revenue growth of 7% in the first nine
months of 2016. Champagne volumes grew 3% over the period, with a particularly strong
performance in prestige cuvées. Hennessy cognac saw its volumes increase by 9%. The
United States continued to enjoy strong growth and China showed improved momentum
during the period, following the destocking of distributors in 2015. Other spirits,
Glenmorangie and Belvedere continued their development.




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The Fashion & Leather Goods business group recorded organic revenue growth of 2% for
the first nine months of 2016 with an acceleration in the third quarter. Louis Vuitton
maintained strong momentum and ventured into a new territory with the launch of the Louis
Vuitton perfumes. The seven fragrances, created by Master Perfumer Jacques Cavallier
Belletrud, have made a very promising start. The new Horizon luggage, conceived by Marc
Newson, was also among the major innovations of the last quarter. Fendi generated
significant revenue growth. Loro Piana inaugurated a flagship store in Paris on Avenue
Montaigne. Céline, Loewe and Kenzo experienced good growth. Marc Jacobs continued the
repositioning of its collections. An agreement was announced for the sale of the Donna Karan
business. LVMH announced the acquisition of a majority stake in the German Maison,
Rimowa, global leader in high quality luggage. The transaction, subject to the approval of the
competition authorities, is due to be completed in January 2017.

The Perfumes & Cosmetics business group recorded organic revenue growth of 8% for the
first nine months of 2016, outperforming the market. Parfums Christian Dior continued its
strong performance, gaining market share in all countries. The continued momentum of its
iconic fragrances, the great success of Sauvage and its latest innovations in the makeup
segment were the main drivers of the growth of the brand. Guerlain successfully expanded its
perfume brand, La Petite Robe Noire, into the world of makeup, a segment in which
Givenchy saw strong growth. Supported by a bold marketing campaign, the launch of the new
perfume Kenzo World, was a success. Benefit, Make Up For Ever, Fresh and Kat Von D all
delivered excellent performance.

The Watches & Jewelry business group recorded organic revenue growth of 4% for the first
nine months of 2016. Bvlgari continued to gain market share and showed major creative
momentum by enriching its iconic product lines, notably with the recent launch of Serpenti
Seduttori. TAG Heuer made great progress in a difficult market, benefiting particularly from
the success of its new collections and its smartwatch. Hublot continued the development of its
iconic lines, Classic Fusion and Big Bang. Chaumet furthered its progress, driven by the
success of its Joséphine and Lien collections.

The Selective Retailing business group recorded organic revenue growth of 6% for the first
nine months of 2016. Sephora continued to gain market share in all its markets and recorded
double-digit revenue growth. Online sales rapidly increased in all regions and Sephora
continued its store opening program. DFS navigated a difficult tourist environment in Asia,
particularly in Macao and Hong Kong. After Cambodia in the first half, DFS opened in
September a new T Galleria in Europe, in Venice, thus expanding its presence in major
tourist destinations.

Outlook
In an uncertain geopolitical and currency environment, LVMH will continue its strategy
focused on innovation and targeted geographic expansion in the most promising markets.
LVMH will rely on the power of its brands and the talent of its teams to further extend its
global leadership in the luxury market in 2016.

During the quarter and to-date, no events or changes have occurred which could significantly
modify the Group’s financial structure.

Regulated information related to this press release and presentation is available on our
internet site www.lvmh.com

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ANNEX

LVMH – Revenue by business group and by quarter


2016 Revenue (Euro millions)
Wines & Fashion & Perfumes & Watches & Selective Other activities
FY 2016 Total
Spirits Leather Goods Cosmetics Jewelry Retailing & eliminations
First Quarter 1 033 2 965 1 213 774 2 747 (112) 8 620
Second Quarter 1 023 2 920 1 124 835 2 733 (67) 8 568
5 885 2 337 1 609 5 480 (179) 17 188
2 056
Total First Half
Third Quarter 1 225 3 106 1 241 877 2 803 (114) 9 138
3 281 8 991 3 578 2 486 8 283 (293) 26 326
Nine months



2016 Revenue (Organic growth versus same period of 2015)
Wines & Fashion & Perfumes & Watches & Selective Other activities
FY 2016 Total
Spirits Leather Goods Cosmetics Jewelry Retailing & eliminations
First Quarter +6% 0% +9% +7% +4% - +3%
Second Quarter +13% +1% +6% +2% +7% - +4%
+9% 0% +8% +4% +5% - +4%
Total First Half
Third Quarter + 4% +5% +10% +2% +8% - +6%
+7% +2% +8% +4% +6% - +5%
Nine months




2015 Revenue (Euro millions)
Wines & Fashion & Perfumes & Watches & Selective Other activities
FY 2015 Total
Spirits Leather Goods Cosmetics* Jewelry Retailing* & eliminations
First Quarter 992 2 975 1 129 723 2 648 (144) 8 323
Second Quarter 938 2 958 1 099 829 2 627 (67) 8 384
1 930 5 933 2 228 1 552 5 275 (211) 16 707
Total First Half
Third Quarter 1 199 2 939 1 143 852 2 603 (155) 8 581
3 129 8 872 3 371 2 404 7 878 (366) 25 288
Nine months
* reclassification of the cosmetics business Kendo from Selective Retailing to Perfumes & Cosmetics.




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LVMH
LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes
Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem,
Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Wenjun, Belvedere,
Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia
and Ao Yun-Shangri-La. Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo,
Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, Nicholas Kirkwood and Loro
Piana. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums
Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics,
Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing as well as in other
activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.
LVMH's Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred,
Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

"Certain information included in this release is forward looking and is subject to important risks and uncertainties and factors beyond our
control or ability to predict, that could cause actual results to differ materially from those anticipated, projected or implied. It only reflects
our views as of the date of this presentation. No undue reliance should therefore be based on any such information, it being also agreed that
we undertake no commitment to amend or update it after the date hereof.”



Contacts:
Analysts and investors: Chris Hollis + 33 1.4413.2122
LVMH

Media:
France : Michel Calzaroni/Olivier Labesse/ + 33 1.4070.1189
Sonia Fellmann/Hugues Schmitt
DGM Conseil

UK: Hugh Morrison / Charlotte McMullen +44 7921.881.800
Montfort Communications
Italy: Michele Calcaterra/ Matteo Steinbach +39 02 6249991
SEC and Partners
US: James Fingeroth/Molly Morse/ +1 212.521.4800
Anntal Silver
Kekst & Company




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