{"id":82093,"date":"2022-04-12T18:20:36","date_gmt":"2022-04-12T16:20:36","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=82093"},"modified":"2022-04-12T21:47:59","modified_gmt":"2022-04-12T19:47:59","slug":"lvmh-reports-29-sales-growth-in-q1","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/lvmh-reports-29-sales-growth-in-q1\/","title":{"rendered":"Lvmh reports 29% sales growth in Q1"},"content":{"rendered":"<h4>The luxury group LVMH has just announced 18 billion euros in sales for the first quarter and continues its record-breaking momentum after a successful 2021.<br \/>\n<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p><strong>LVMH<\/strong> announced this Tuesday that it achieved 18 billion euros in sales in the first quarter, a jump of 29% compared to the same period last year. <strong>The world&#8217;s number one luxury goods company<\/strong> continues its momentum after a record year 2021.<\/p>\n<p>&nbsp;<\/p>\n<p>The group with 75 &#8220;houses&#8221; &#8211; the first of the <strong>CAC 40<\/strong> to reveal its first quarter figures &#8211; believes it has achieved &#8220;<em>a good start to the year in an environment still disrupted by the health crisis and marked by the dramatic events in Ukraine<\/em>&#8220;. The <strong>sales<\/strong> are well above the consensus established by <strong>Bloomberg<\/strong> and <strong>Factset<\/strong>, which were expecting 16.4 billion euros and 17 billion euros respectively, according to AFP.<\/p>\n<p>&nbsp;<\/p>\n<p>Strong demand for <strong>Louis Vuitton<\/strong> and <strong>Dior<\/strong> products in particular helped to boost LVMH&#8217;s sales. The high-end fashion brand segment alone drove a 30% increase in group sales.<\/p>\n<p>&nbsp;<\/p>\n<p>Perfumes and cosmetics also showed a very positive dynamic with an increase of 23% compared to the previous quarter, with a turnover of 1.9 billion euros, thanks in part to the <strong>United States<\/strong>. The spirits sector, despite good momentum at the beginning of the year and a respectable 8% increase, did not reach the same heights as the group&#8217;s other categories (\u20ac1.638 billion in turnover).<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/lvmh-eyewear-accused-of-privacy-violation\/\">LVMH EYEWEAR ACCUSED OF PRIVACY VIOLATION<\/a><\/p>\n<div class=\"thb-post-title-bottom thb-post-share-style3\">\n<div class=\"thb-post-title-inline-author\"><\/div>\n<\/div>\n<p>Featured photo : \u00a9 Press<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The luxury group LVMH has just announced 18 billion euros in sales for the first quarter and continues its record-breaking momentum after a successful 2021.<\/p>\n","protected":false},"author":1,"featured_media":82098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"The luxury group that announced 18 billion euros in sales in the first quarter continues its momentum after a record year 2021.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Luxury,lvmh,world's number one luxury group LVMH,world's number one luxury group","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-82093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/82093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=82093"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/82093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/82098"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=82093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=82093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=82093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}