LVMH experienced a rather shy quarter marked by the lacklustre demand for luxury fashion goods. Sales increased by 4%, of which organic growth of 3%, to reach €8,620m. Perfumes & Cosmetics outperformed with 9% lfl growth (€1,213m). Watches & Jewellery did better than the market and surged by 7% to €774m. The Wines & Spirits division grew by 6%, to €1,033m. The group’s performance was pulled down by the poor growth posted by the two largest contributors to
13 Apr 2016
Healthy growth in Q1
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Healthy growth in Q1
LVMH Moet Hennessy Louis Vuitton SE (MC:WBO) | 0 0 0.9% | Mkt Cap: 125,021m
- Published:
13 Apr 2016 -
Author:
Rim BEN SALAH -
Pages:
2
LVMH experienced a rather shy quarter marked by the lacklustre demand for luxury fashion goods. Sales increased by 4%, of which organic growth of 3%, to reach €8,620m. Perfumes & Cosmetics outperformed with 9% lfl growth (€1,213m). Watches & Jewellery did better than the market and surged by 7% to €774m. The Wines & Spirits division grew by 6%, to €1,033m. The group’s performance was pulled down by the poor growth posted by the two largest contributors to