LVMH Q1 revenue rose 25%

Wednesday, 18 April 2012

LVMH Moët Hennessy Louis Vuitton, French luxury goods brand, recorded a 25% increase in its revenue for the first quarter of 2012 taking it to €6.6 billion ($8.6 billion or Rs 44,384 crores). LVMH, in Fashion & Leather Goods business, recorded organic revenue growth of 12% in the first quarter of 2012. This segment saw a continued its double-digit growth thanks to sustained demand across all of its product categories.
 
The brand’s organic revenue growth was 14% compared to the corresponding period in 2011. The Group continued its momentum at the start of the year with particularly fast growth in Asia and in the United States and a good progress in Europe despite the contrasting environment. LVMH Moët Hennessy - Louis Vuitton possesses a portfolio of over 60 brands. It is active in five different sectors, its international retail network has plus 2,500 stores worldwide.