LVMH: Q3 results show continued growth
France-based luxury goods group LVMH Moet Hennessy Louis Vuitton has announced revenue of EUR16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010. Organic revenue growth was 15% after the currency impact was compensated by the structural change, notably the consolidation of Bulgari as of 30 June 2011.
The group’s fashion and leathergoods sector recorded organic revenue growth of 15% over the first nine months of the year. Louis Vuitton reported double-digit revenue growth.
The inauguration of a Maison Louis Vuitton in Singapore was one of the highlights of the quarter. Fendi and Donna Karan also made strong progress. Celine maintained the high performance experienced since the start of the year, driven by its new leathergoods and ready-to-wear collections.
