LVMH

4% REVENUE GROWTH IN 2016 FIRST QUARTER

Paris, April 11^th 2016

LVMH Moët Hennessy Louis Vuitton, the world's leading high quality products group, recorded revenue of 8.6 billion Euros for the first quarter 2016, an increase of 4%. Organic^* revenue growth was 3% compared to the same period in 2015.

The US market is strong and Europe remains well oriented except for France which is affected by a fall in tourism. Asian markets are varied, but Japan continues to progress.

Revenue by business group:

In million euros	Q1 2016	Q1 2015	% Change Q1 2016 / Q1 2015
			Reported	Organic*
Wines & Spirits	1 033	992	+ 4 %	+ 6 %
Fashion & Leather Goods	2 965	2 975	0 %	0 %
Perfumes & Cosmetics	1 213	1 129	+ 7 %	+ 9 %
Watches & Jewelry	774	723	+ 7 %	+ 7 %
Selective Retailing	2 747	2 648	+ 4 %	+ 4 %
Other activities and eliminations	(112)	(144)	-	-
Total	8 620	8 323	+ 4 %	+ 3 %

* with comparable structure and constant exchange rates.

The Wines & Spirits business group recorded organic revenue growth of 6% in the first quarter of 2016. Champagne experienced a strong start to the year especially in Europe where growth continued. Hennessy maintained its remarkable performance in the United States. In China, the first quarter showed better momentum after the impact of destocking by distributors in 2015. Other spirits, Glenmorangie and Belvedere, continued to grow.

The Fashion & Leather Goods business group was stable. Louis Vuitton maintained its creative momentum as shown by its numerous innovations across all areas, notably in leather goods, watches and jewelry with the new Blossom collection. The legendary leather line models achieved good success. Fendi enjoyed an excellent performance, driven by its leather and ready-to-wear lines. Céline and Kenzo experienced good starts to the year.  Donna Karan and Marc Jacobs continue to work on the evolution of their product lines.