LVMH Q1 Sales Decline 6%, Middle East Conflict Impacts Performance

AI Summary (NQ-processed)

Global luxury group LVMH's Q1 (January-March) 2026 sales were 19.1 billion Euros, a 6% decrease year-on-year. Excluding currency fluctuations and business changes, organic growth was 1%. The company stated that geopolitical conflicts in the Middle East, specifically the "war launched by the United States and Israel against Iran," negatively impacted performance, leading to a -1% internal growth. The Middle East accounts for approximately 6% of LVMH's total sales. LVMH CFO Cecile Cabanis noted that while the full impact is unclear, wealth has not disappeared. The Chinese market maintained solid growth in Q1.