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LVMH continues to grow on the stock market

LVMH continues to grow on the stock market

The quarterly season begins in France with the results of the LVMH group. In the first nine months of 2021, the world’s leading luxury goods company saw its turnover increase by 46% compared to the previous year, with total sales amounting to 44.2 billion euros.

 

 

The Group’s organic sales growth for the period is 40% compared to 2020. Compared to 2019, organic growth for the first nine months of 2021 was 11%, with trends in the third quarter comparable to those of the first half of the year, both by activity and by region.

 

Fashion and Leather Goods in particular achieved record levels over the period, with organic growth of 38% compared to the third quarter of 2019, and 57% for all sales in the first nine months of 2021. Louis Vuitton achieved a remarkable performance, driven by constant innovation and the quality of its products, while Christian Dior also showed very good momentum.

 

In the Group’s other divisions, the wines and spirits business recorded organic sales growth of 30% in the first nine months of 2021 compared to the same period last year, as did perfumes and cosmetics. The watches and jewellery business recorded organic sales growth of 49% in the first nine months of 2021 compared to the same period in 2020.

 

In a context of gradual emergence from the health crisis, the LVMH group says it is confident that current growth will continue, and has announced that it will maintain a strategy focused on the continued strengthening of the desirability of its brands, relying on the authenticity and quality of its products, the excellence of its distribution and the responsiveness of its organisation.

 

LVMH is also counting on the dynamism of its brands and the talent of its teams to continue to strengthen its lead in the global luxury market.

See Also

 

 

Read Also > LVMH LAUNCHES A VAST RECRUITMENT PLAN FOR YOUNG PEOPLE

 

Featured Photo : © Getty Images

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