Luxury group LVMH Moët Hennessy Louis Vuitton reported revenue of €879 million ($932.1 million) for its Watches & Jewellery business group in the first quarter of 2017. This is a 14 percent increase over the €774 million $820.75 million) reported in the first quarter of 2016. Organic growth, computed with a comparable structure and constant exchange rates, was 11 percent.

Overall revenue for LVMH during the period was €9.9 billion ($10.5 billion), an increase of 15 percent when compared to the same period last year. Organic revenue growth was 13 percent, an increase attributable to all business groups.

Positive growth was achieved in Asia, Europe and the US.

During the first quarter, LVMH benefited from a favourable comparison base, particularly in Europe, where activity was affected last year by the impact of the November 2015 attacks in Paris. The trend currently observed cannot reasonably be extrapolated for the full year, the group said.

In the Watches & Jewellery business group, LVMHV said Bvlgari gained market share and continued to innovate with new models in its emblematic jewellery lines. TAG Heuer successfully launched its new Connected Modular 45 watch.

According to LVMH, several innovations presented by the group’s watch brands at the Baselworld watch fair were given an excellent reception, including a new edition of the Autavia by TAG Heuer, the new Octo Finissimo Automatic and Serpenti Skin watches by Bvlgari and the Defy El Primero 21 by Zenith.