LVMH's first quarter shows an increasing appetite for luxury goods in Asia and the US (Reuters/ Siu Chiu)

LVMH has seen its first quarter revenue rise by 25 percent to €6.58bn (£5.43bn) .

The world's biggest luxury goods group claimed its "excellent momentum" was fuelled by fast growth in Asia and the US.

Sales for the Paris-based company advanced 14 percent, excluding shifts and acquisitions, while the selective retailing unit, which includes brands such as Sephora and Miami Cruise Line Services, saw the biggest rise in demand of 18 percent compared to the same quarter in 2011.

The smallest gains were seen in perfumes and cosmetics, with sales climbing 9 percent, while watches and jewellery sales rose 17 percent, wines and spirits rose by 16 percent and fashionand leather goods saw a 12 percent increase.

Demand continued to rise in the face of economic slowdown in China, although the company admitted that the European debt crisis left created an "uncertain" economic environment.

"LVMH will continue to focus its efforts on developing its brands,will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution," the company said in a statement.

Shares in LVMH dipped by 1 percent to €129.20 as the markets opened on April 18.