LVMH reports 11% organic revenue 9 month growth with increases across all businesses

Luxury products group LVMH Moët Hennessy Louis Vuitton recorded a 10% increase in revenue in the first nine months of 2018, reaching € 33.1 billion.

Organic revenue grew 11% compared to the same period in 2017, and 13% excluding the impact of the airport concession closures in Hong Kong at the end of 2017. All geographical areas progressed well, said the company.

In the third quarter, revenue was up 10% compared to the same period in 2017, a performance which continued the trend recorded in the first half of the year and to which all business groups contributed. Organic revenue growth was 10%.

Selective Retailing reported organic revenue growth of 8% in the first nine months of 2018, and 14% excluding the airport concession closures in Hong Kong.

DFS performed well, especially in Hong Kong and Macao. The recent openings of T Galleria in Cambodia and Italy progressed well.

Sephora’s organic revenue growth was strong, particularly in North America and Asia. The expansion and renovation of its distribution network is continuing with a new store concept in China and the first Sephora-branded store in Russia.

* with comparable structure and constant exchange rates. The exchange rate impact was -5% and the structural impact was + 4% (integration of Christian Dior Couture).

 

The Wines & Spirits business group organic revenue was + 7% in the first nine months of 2018. Hennessy cognac volumes increased by 4%. The US and Chinese markets grew rapidly.

Fashion & Leather Goods remain a powerhouse, with organic revenue growth of 14%. Among the highlights, a new communication for Louis Vuitton perfumes was unveiled, marking the launch of the brand’s latest perfume creation.

Christian Dior, consolidated since the second half of 2017, enjoyed an excellent performance. Celine made history with the first runway show of Hedi Slimane, which was a great success and created enormous resonance.

 

The Perfumes & Cosmetics

business also recorded organic revenue growth of 14% in the period.  Parfums Christian Dior showed “remarkable progress,” driven by the launch of its new perfume Joy and the worldwide success of Sauvage, J’adore and

MissDior. Guerlain had success with Abeille Royale in skincare and Rouge G in makeup. Parfums Givenchy is driven by makeup and its new feminine scent L’Interdit.

The Watches & Jewelry business organic revenue was also + 14%, led by Bvlgari, Chaumet, Fred and TAG Heuer. Hublot opened its first stand-alone boutique in London.

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