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11% organic revenue growth for LVMH

Oct 12, 2018 France
11% organic revenue growth for LVMH
LVMH Moët Hennessy Louis Vuitton recorded a 10% increase in revenue, reaching 33.1 billion euros in the first nine months of 2018. Organic revenue grew by 11% compared to the same period in 2017
In the third quarter, revenue was up by 10% compared to the same period in 2017, a performance which continued the trend recorded in the first half of the year and to which all business groups contributed. Organic revenue growth was 10%.

Revenue by business group


The Fashion & Leather Goods business group achieved organic revenue growth of 14% in the first nine months of 2018. Louis Vuitton continues to be driven by the success of its iconic leather goods lines. Ready-to-wear and shoes, in particular, experienced strong momentum with an excellent reception of the last two fashion shows of Womenswear and Menswear. A new communication for Louis Vuitton perfumes was unveiled, marking the launch of the brand’s latest perfume creation. Christian Dior, consolidated since the second half of 2017, enjoyed an excellent performance. Celine made progress and began a new chapter in its history with the first runway show of Hedi Slimane, which was a great success and created enormous resonance. Fendi and Loro Piana continued to grow. The other brands continued to strengthen.

The Perfumes & Cosmetics business group recorded organic revenue growth of 14% in the first nine months of 2018. The Wines & Spirits business segment recorded organic revenue growth of 7% in the first nine months of 2018. In this business group, the US and Chinese markets grew rapidly.

In the first nine months of 2018, the Watches & Jewelry business group achieved organic revenue growth of 14%. The Selective Retailing business group achieved organic revenue growth of 8% in the first nine months of 2018, and 14% excluding the airport concession closures in Hong Kong.

Outlook

In an uncertain geopolitical and monetary context, LVMH says it will continue to be vigilant, while pursuing "its strategy focused on innovation and targeted geographic expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2018".

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