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LVMH Q1 revenue rises 16%

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Christian Fernsby | Thursday April 11, 2019 6:31AM ET
LVMH
LVMH   Organic revenue growth was 11% compared to last year

LVMH Moet Hennessy Louis Vuitton reported revenues of 12.54 billion euros for the first quarter 2019, up 16% from 10.85 billion euros for the first quarter of 2018.


Organic revenue growth was 11% compared to last year, an increase attributable to all business groups.

The Wines and Spirits business group recorded organic revenue growth of 9% in the first quarter, while reported revenues rose 13% 1.35 billion euros, compared to last year.

The Fashion and Leather Goods business group recorded growth of 20 percent, while organic growth rose 15% in the first quarter of 2019.

In Perfumes and Cosmetics, revenue growth was 12, while Watches and Jewelry business group recorded revenue growth of 9% in the first quarter. In Selective Retailing, revenue growth was 13% in the first quarter of 2019.

 

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