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LVMH Records Revenue of €16.3 Billion During First Nine Months of 2011
Posted: October 24, 2011
LVMH Moët Hennessy Louis Vuitton recorded revenue of €16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010. Organic revenue growth was 15% after the currency impact was compensated by the structural change, notably the consolidation of Bulgari as of June 2011.
With organic revenue growth of 15%, the third quarter showed a continuation of the trend evident since the start of the year. The momentum continued in Asia, Europe and the United States, while Japan returned to growth over the period.
Specifically in LVMH’s perfumes and cosmetics division, the company recorded organic revenue growth of 10% over the first nine months of 2011, reporting € 2.3 bmillion. Lead by the sustained growth of its flagship product lines, Christian Dior continued its momentum. J’adore perfume continues to be one of the best sellers in the world. The new lipstick Dior Addict achieved strong growth. Guerlain benefited from the successful launch of Shalimar Parfum Initial and the new Rouge Automatique makeup. The launches of Givenchy’s Dalhia noir perfume and Kenzo’s Madly Kenzo were highlights of the third quarter. Benefit achieved strong progress across all regions.
The selective retailing division recorded organic revenue growth of 19% over the first nine months of 2011. DFS continued to benefit from the expansion of Asian tourism which was particularly strong in Hong Kong and Macao. Sephora recorded steady revenue progress and increased market share in all its regions. The different e-commerce sites continued to grow. The pace of store development increased in the second half of the year.
According to the company, the group will continue its proactive strategy focused on innovation and targeted geographical expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend, in 2011, its global leadership position in luxury products.