Louis Vuitton records double-digit organic revenue growth
15 Oct '07
3 min read
LVMH Moet Hennessy Louis Vuitton, the world's leading luxury products group, achieved revenues of EUR 11.4 billion in the first nine months of 2007, reflecting organic growth of 13% compared to the same period in 2006. LVMH recorded accelerated growth in the third quarter compared to the already very favorable trends at the beginning of the year, thanks notably to the continued exceptional performance of Louis Vuitton.
Organic revenue growth reached 15% during the period, a development which is even more noteworthy in view of the robust growth achieved in the third quarter of 2006. This performance reflects the exceptional appeal of the LVMH brands and products, which continued to increase their market share, the success of the Group's strategy and the effectiveness of the teams who succeeded in achieving ever-increasing results.
Fashion & Leather Goods business group achieved 14% organic revenue growth during the first nine months of the year. Louis Vuitton recorded double-digit organic revenue growth during the period. Business was particularly active in Europe, the US and Asia.
In Japan, the favourable trends observed in the second quarter continued throughout the summer. Fendi continued its strong growth, driven by the success of its leather goods lines. The positive momentum of other brands, notably Marc Jacobs, Givenchy and Loewe, was confirmed in the third quarter.
Perfumes & Cosmetics business group recorded organic revenue growthof 12% during the first nine months of the year. Performance was particularly positive in Europe and Asia. Christian Dior launched, with major success, its new perfume Midnight Poison. Guerlain launched L'Instant Magic. The launches of TokyobyKenzo, Palazzo Fendi and Pucci's Vivara, as well as Benefit's rapid progress contributed to the growth.
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