LVMH: year off to a good start
(CercleFinance.com) - Published after trading on Monday, LVMH's Q1 2018 sales amounted to about 10.
85 billion euros, up 10% and up 13% in organic terms year-on-year.
Revenue for "Fashion & leather goods," the group's largest division, alone reached 4.27 billion euros, up 25% and up 16% on an organic basis. Meanwhile, revenues at the "Perfumes & cosmetics" division reached 1.5 billion euros, up 8% as reported and up 17% in organic terms.
Revenue of the "Wines and Spirits" division was flat as reported, although was rose by 10% in organic terms, to 1.2 billion euros, while the "Watch & jewellery" division saw its sales grow by 9% and 20% in organic terms, to 959 million euros.
In a buoyant environment at the beginning of 2018, albeit with an unfavourable monetary environment and geopolitical uncertainties, LVMH has said that it will continue to focus its efforts on developing its brands, while maintaining a strict cost control and focusing its investments on quality, excellence and innovation of its products and their distribution.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
85 billion euros, up 10% and up 13% in organic terms year-on-year.
Revenue for "Fashion & leather goods," the group's largest division, alone reached 4.27 billion euros, up 25% and up 16% on an organic basis. Meanwhile, revenues at the "Perfumes & cosmetics" division reached 1.5 billion euros, up 8% as reported and up 17% in organic terms.
Revenue of the "Wines and Spirits" division was flat as reported, although was rose by 10% in organic terms, to 1.2 billion euros, while the "Watch & jewellery" division saw its sales grow by 9% and 20% in organic terms, to 959 million euros.
In a buoyant environment at the beginning of 2018, albeit with an unfavourable monetary environment and geopolitical uncertainties, LVMH has said that it will continue to focus its efforts on developing its brands, while maintaining a strict cost control and focusing its investments on quality, excellence and innovation of its products and their distribution.
Copyright (c) 2018 CercleFinance.com. All rights reserved.