LVMH: 3% organic sales growth in Q1

(CercleFinance.com) - LVMH Moët Hennessy Louis Vuitton has posted sales of E20.
7bn for Q1 2024, representing organic growth of 3% (-2% on a reported basis).

It says that Europe and the US reported LFL sales growth in the quarter; Japan achieved double-digit sales growth; the rest of Asia reflected strong growth in spending by Chinese customers in Europe and Japan.

Fashion and Leather Goods posted organic sales growth of 2% to E10,490m in Q1 2024 (-2% as reported).

Wines and Spirits recorded a 12% drop in organic sales to E1,417m (-16% as reported). Watches and Jewelry sales fell slightly by -2% in organic terms to E2,466m (-5% as reported).

Perfumes and Cosmetics posted organic sales growth of 7% to E2,182m (+3% as reported). In Selective Retailing, organic sales growth was 11% in Q1 2024 to E4,175m.


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