LVMH: an excellent start to the year
(CercleFinance.com) - Published after trading on Wednesday, LVMH group's Q1 2019 sales reached around 12.
54 billion euros, up 16% as reported and up 11% in organic terms relative to Q1 2018.
The group's largest division, "fashion & leather goods" alone reported sales of 5.11 billion euros, up 20% and up 15% on an organic basis. Revenues from the "perfumes & cosmetics" unit reached 1.7 billion euros, up 12% as reported and up 9% in organic terms.
In a buoyant environment at the start of the year, albeit marked by an uncertain geopolitical context, LVMH will continue to focus its efforts on the development of its brands, maintain strict cost control and target its investments in quality, excellence and innovation in its products and distribution, the group said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
54 billion euros, up 16% as reported and up 11% in organic terms relative to Q1 2018.
The group's largest division, "fashion & leather goods" alone reported sales of 5.11 billion euros, up 20% and up 15% on an organic basis. Revenues from the "perfumes & cosmetics" unit reached 1.7 billion euros, up 12% as reported and up 9% in organic terms.
In a buoyant environment at the start of the year, albeit marked by an uncertain geopolitical context, LVMH will continue to focus its efforts on the development of its brands, maintain strict cost control and target its investments in quality, excellence and innovation in its products and distribution, the group said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.