LVMH: Q1 sales up 30%
(CercleFinance.com) - LVMH's sales reached 14 billion euros in the first quarter of 2021, up 30% like-for-like and at constant exchange rates compared to Q1 2020.
Besides Selective Retailing (-5% organically, to 2.3 billion euros), which is still penalised by very limited international travel, all businesses contributed to the group's sound performance.
Sales of the Fashion & Leather Goods division reached 6.7 billion euros (+52% in organic terms), ahead of Wines & Spirits, where sales grew 36% organically to 1.5 billion euros.
Sales of Watches & Jewelry also rose (+35% in organic terms to 1.8 billion euros), as did Perfumes & Cosmetics (+18%, to 1.5 billion euros).
Copyright (c) 2021 CercleFinance.com. All rights reserved.
Besides Selective Retailing (-5% organically, to 2.3 billion euros), which is still penalised by very limited international travel, all businesses contributed to the group's sound performance.
Sales of the Fashion & Leather Goods division reached 6.7 billion euros (+52% in organic terms), ahead of Wines & Spirits, where sales grew 36% organically to 1.5 billion euros.
Sales of Watches & Jewelry also rose (+35% in organic terms to 1.8 billion euros), as did Perfumes & Cosmetics (+18%, to 1.5 billion euros).
Copyright (c) 2021 CercleFinance.com. All rights reserved.