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LVMH Posts Q3
Posted: October 9, 2008
LVMH Moët Hennessy Louis Vuitton achieved revenue of €12 billion in the first nine months of 2008. Organic revenue grew 10% compared to the same period in 2007. In the third quarter of 2008, LVMH reported achieved organic revenue growth of 6%.
The company's perfumes and cosmetics group recorded organic revenue growth of 11% during the first nine months of the year. For Christian Dior, the third quarter included the successful launch of the new male perfume Dior Homme Sport and growth in makeup and skin care. Guerlain benefited from the progress of its new mascara, Le 2. The new perfume Guerlain Homme and Givenchy’s Phenomen’Eyes mascara supported the group’s revenue. BeneFit continues to demonstrate rapid growth and confirms its strong potential, according to the company.
In Selective Retailing, organic revenue growth was 11% for the first nine months of 2008. DFS continued its development. The increase in Chinese customers continued. Highlights of the third quarter include the opening of the Macao Galleria and the new airport concession in Abu Dhabi. Sephora performed very well, and the brand continued to gain market share in Europe and the U.S. and further established its presence in the Middle East and China in the third quarter.