LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, said it achieved revenue of EUR12 billion in the first nine months of 2008. Organic revenue grew 10% compared to the same period in 2007. However, sales on the third quarter have been affected by the global economic and financial crisis. The group’s organic revenue grew by 6% on this period; half its performance of the first and second quarter (12% respectively).
Perfumes & Cosmetics 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, the confirmed achievement of Escale à Portofino and growth in make-up and skincare. Guerlain benefited from the excellent progress of its new mascara Le 2. The new perfume, Guerlain Homme, and Givenchy’s Phenomen’Eyes mascara, are among the numerous innovations which have supported this business group’s revenue. BeneFit continues to demonstrate rapid growth and confirms its strong potential.
The group also said trends seen since the beginning of the year have shown strong growth in emerging markets, particularly in China and Russia, a more contrasting situation in the rest of the world.
Relying on the “considerable appeal of its products and brands,” LVMH confirmed its objective of a tangible increase in its results in 2008, despite the current global economic and financial crisis.
