LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LV:CA) Q1 2026 Sales/Trading Call Transcript

LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LV:CA) Q1 2026 Sales/Trading Call April 13, 2026 12:00 PM EDT Company Participants Rodolphe OzunCecile Cabanis - Chief Financial Officer Conference Call Participants Anne-Laure Jamain - HSBC Global Investment ResearchZuzanna Pusz - UBS Investment Bank, Research DivisionThomas Chauvet - Citigroup Inc., Research DivisionAntoine Belge - BNP Paribas, Research DivisionEdouard Aubin - Morgan Stanley, Research DivisionLuca Solca - Bernstein Institutional Services LLC, Research DivisionCharles-Louis Scotti - Kepler Cheuvreux, Research DivisionCarole Madjo - Barclays Bank PLC, Research DivisionOliver Chen - TD Cowen, Research DivisionDana Telsey - Telsey Advisory Group LLCPiral Dadhania - RBC Capital Markets, Research DivisionChris Gao - CLSA Limited, Research Division Presentation Rodolphe Ozun Ladies and gentlemen, good afternoon, and thank you for joining today's conference call. I'm Rodolphe Ozun, Director of Financial Communications at LVMH. And with me is Cecile Cabanis, our Chief Financial Officer. Cecile will start by taking you through the key highlights of the first quarter, and I will then comment our performance by business group, after which Cecile will conclude, and we'll be happy to take your questions. As a reminder, certain information to be discussed on today's call is forward-looking, subject to important risks and uncertainties that could cause actual results to differ materially. For these, I refer you to the safe harbor statement included in our press release and on Slide 2 of our presentation. Turning now to our announcement. Our release was issued a short while ago in French and English and is available on the website, lvmh.com, as are the slides for the call. Let's now move on to today's topic, our first quarter 2026 figures. And passing over to Cecile, who will comment the key highlights for this quarter. Cecile CabanisChief Financial Officer Thank you, Rodolphe, and thank you all for