Despite the high basis of comparison, all of the brand's business groups reported positive and sustained organic revenue growth during this period. The overall growth is slightly tempered when considering a negative 4 per cent exchange rate impact, but the revenue for the group still saw an overall increase of 10 per cent.
Geographically, Europe, Japan, and the rest of Asia were the stand-out performers, all achieving double-digit organic growth. Meanwhile, the third quarter specifically witnessed an organic revenue growth of 9 per cent, LVMH said in a press release.
One of the notable contributors to this growth has been the fashion and leather goods business group. This segment achieved an organic revenue growth of 16 per cent, bringing in €30,912 million in the first nine months of FY23.
ALCHEMPro News Desk (DP)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
