LVMH: double-digit 9m sales growth.
(CercleFinance.com) - Published on Monday after trading, LVMH's 9m sales reached almost 30.
1 billion euros, up 14% as reported and up 12% in organic terms compared to the first 3 quarters of the previous fiscal year.
All of the group's businesses contributed to this double-digit growth. The contribution from the "Fashion and leather goods" division, LVMH's main business, reached 10.84 billion euros, up 21% as reported and up 14% in organic terms y-o-y. The 'selective distribution' segment generated revenue of 9.34 billion euros, up 13% as reported and up 12% in organic terms.
The "Perfumes and cosmetics", "Wines and spirits" and "Watches and jewellery" divisions reached respectively 4.07 billion, 3,51 billion and 2.79 billion euros in revenues, up 14%, 7% (+8% in organic terms) and 12% (+13% organic terms).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
1 billion euros, up 14% as reported and up 12% in organic terms compared to the first 3 quarters of the previous fiscal year.
All of the group's businesses contributed to this double-digit growth. The contribution from the "Fashion and leather goods" division, LVMH's main business, reached 10.84 billion euros, up 21% as reported and up 14% in organic terms y-o-y. The 'selective distribution' segment generated revenue of 9.34 billion euros, up 13% as reported and up 12% in organic terms.
The "Perfumes and cosmetics", "Wines and spirits" and "Watches and jewellery" divisions reached respectively 4.07 billion, 3,51 billion and 2.79 billion euros in revenues, up 14%, 7% (+8% in organic terms) and 12% (+13% organic terms).
Copyright (c) 2017 CercleFinance.com. All rights reserved.