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LVMH Reports Q1 2010
Posted: April 14, 2010
LVMH Moët Hennessey Louis Vuitton recorded revenue of €4.5 billion in the first quarter of 2010. Organic growth stood at 13% compared to the same period in 2009. The company reports that it continues to perform well in Asia and has seen a strong rebound in the U.S. and Europe.
In its perfumes and cosmetics, organic revenue growth stood at 12% in the first quarter of 2010. Christian Dior benefited from the strong dynamic of its perfumes with, in particular, the growth of Fahrenheit and of Miss Dior Chérie. A new skin care product, Capture Totale One Essential, was also successful, while the new mascara, DiorShow Extase, got off to a promising start. Guerlain successfully rolled out its new Idylle perfume and Givenchy saw strong growth thanks to the progress of its Play line. Benefit and Make Up For Ever continued their international development.
Additional data is available from LVMH.