LVMH Louis Vuitton–Moët Hennessy announced that organic revenue for its watch and jewelry group increased 17 percent in the first quarter of 2012.
Overall revenue climbed 141 percent to 630 million euros ($827 million). Organic revenue measures a comparable structure and constant exchange rates.
The growth correlates to strong Bulgari sales as well as an increase in retail orders of new watches presented at Baselworld, including collections from TAG Heuer, Hublot, and Zenith.
Collectively the company reported a 25 percent increase in revenue since first quarter 2011.