Industry Stock Market: LVMH Group Announces The First Quarter Report Of Fiscal Year 2025

On April 14, according to the quarterly report of LVMH Group in the fiscal year 2025 * * *, the total revenue fell by 2% to 20.3 billion euros on a year-on-year basis, 3% on an organic basis. This performance did not meet market expectations (analysts had expected LVMH Group to achieve 2% growth in the quarter of 2025).

On an organic basis, the European market is growing again. Although the leather goods and fashion sector and the watch and jewelry sector performed well, the US market still showed a slight decline. The Japanese market declined compared with the quarter of * * * in 2024, and it grew significantly due to the strong consumption of Chinese consumers in Japan in the same period last year. The trend of other Asian markets except Japan is similar to that of 2024.

Cecile Cabanis, the chief financial officer, said on the conference call after the release of the financial report that the demand of the Chinese market "is in line with the overall trend at the end of last year." LVMH Group said that in the face of the turbulent geopolitical and economic environment, LVMH Group remained vigilant and confident at the beginning of the year. At the same time, it continued to focus on brand development, relying on continuous innovation and investment strategies, as well as the continuous pursuit of product quality, attractiveness and selected distribution channels, to promote business.