news


LVMH: Continued strong growth momentum in third quarter 2007

October 2007


LVMH Moët 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.

Watches & Jewelry business group saw organic revenue growth of 22% in the first nine months of the year.  TAG Heuer registered strong growth thanks to the excellent performance of its Carrera, Aquaracer and Link lines. Zenith made particularly remarkable advances in the Middle East, Russia and the US. Dior continued its progress thanks to the success of Christal, notably in Europe and Asia. Chaumet and De Beers made significant progress.

Source: LVMH

Full report:
click here