French Luxury Goods Retailer LVMH 1Q Sales EUR9.9 Billion, Up 15% on Year
April 10 2017 - 1:29PM
Dow Jones News
By Matthew Dalton
PARIS -- French luxury conglomerate LVMH Moët Hennessy Louis
Vuitton said Monday first-quarter revenue surged 15%, fueled by
strong sales across the company's empire of luxury brands.
Revenue for the quarter was EUR9.9 billion, beating analyst
expectations of EUR9.5 billion. Adjusting for currency effects,
that was a 13% increase compared to the same period a year ago.
LVMH's fashion and leather-goods division -- including its
flagship Louis Vuitton brand -- led the way, with sales rising 15%
to EUR3.4 billion.
LVMH's brands include spirits such as Hennessy Cognac,
fashion-label Celine and the high-end watchmaker Hublot.
Write to Matthew Dalton at matthew.dalton@wsj.com
(END) Dow Jones Newswires
April 10, 2017 13:14 ET (17:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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