LVMH enjoys 15% increase in Q1

21/04/2006

LVMH Moët Hennessy Louis Vuitton achieved revenue of €3.6 billion in the first quarter of 2006, representing growth of 15% over the same period last year.

The group’s Fashion & Leather Goods businesses posted revenue growth of 14% in the quarter. Louis Vuitton continued to deliver double-digit organic revenue growth, with exceptional progress in the US and in Asia. Europe also saw rapid progress, notably through a strong performance from the new Maison on the Champs Elysées. The company stated that the Japanese market is buoyant again and that LVMH’s new leathergoods products have been very well received with several models quickly moving to waiting lists. Fendi continued its rapid expansion and its leather goods revenue grew strongly in the period.