LVMH: 9m sales flat at E60.8bn
(CercleFinance.com) - For the first nine months of 2024, LVMH Moët Hennessy Louis Vuitton posted sales of E60.
8bn, flat LFL (-2% as reported).
Europe and the US reported slight growth LFL. Japan continued its double-digit sales growth. The rest of Asia reflects strong growth in spending by Chinese customers in Europe and Japan, LVMH said.
In Q3, the slight decline in sales to E19,076m was mainly due to lower growth in Japan, mainly as a result of the stronger yen.
Fashion & Leather Goods sales were virtually stable on an organic basis (-1%) in the first nine months of 2024, at E29,922m (-3% as reported).
With organic sales growth of 5% over the first nine months of 2024, Perfumes & Cosmetics posted sales of E6,148m (+2% as reported).
The Wines & Spirits business recorded a decline in sales to E4,193m (-8% organic and -11% as reported) over the first nine months of 2024.
Watches & Jewelry sales fell 3% organically over the first nine months of 2024 to E7,536m (-5% as reported).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8bn, flat LFL (-2% as reported).
Europe and the US reported slight growth LFL. Japan continued its double-digit sales growth. The rest of Asia reflects strong growth in spending by Chinese customers in Europe and Japan, LVMH said.
In Q3, the slight decline in sales to E19,076m was mainly due to lower growth in Japan, mainly as a result of the stronger yen.
Fashion & Leather Goods sales were virtually stable on an organic basis (-1%) in the first nine months of 2024, at E29,922m (-3% as reported).
With organic sales growth of 5% over the first nine months of 2024, Perfumes & Cosmetics posted sales of E6,148m (+2% as reported).
The Wines & Spirits business recorded a decline in sales to E4,193m (-8% organic and -11% as reported) over the first nine months of 2024.
Watches & Jewelry sales fell 3% organically over the first nine months of 2024 to E7,536m (-5% as reported).
Copyright (c) 2024 CercleFinance.com. All rights reserved.