Lvmh: Revenue Growth Of 22% In The First Nine Months Of 2012

LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality luxury goods manufacturing group, recorded revenues of 19.9 billion euros in the first nine months of 2012, an increase of 22% compared to the same period in 2011. Taking into account Bulgari’s integration to June 30, 2011, and the positive currency impact, endogenous revenue increased by 10%.

In the third quarter, the Group’s revenue increased by 15% and endogenous revenue increased by 6%. Compared with the ‘strong’ performance in the same period of 2011, this figure is good in the current economic environment. The US market continues to show strong momentum. The US market continues to show steady growth, while business conditions in Europe and Asia are mixed, and European and Asian third quarter results have improved. Louis Vuitton continues to gain more market share around the world.

In the first nine months of 2012, the watch and jewelry business group’s organic revenue increased by 7%. LVMH’s watch brands have made further progress driven by their iconic scope and innovation drive. TAG Heuer’s new Link Lady and Zenith Pilot series are the highlights of this quarter. In jewellery, the success of the Bulgari Serpenti and B.Zero1 series confirms that the brand continues to implement a selective distribution strategy. Both Chaumet and Fred’s specialty stores have performed well.
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Source: LVMH