{"id":92046,"date":"2022-10-12T08:19:42","date_gmt":"2022-10-12T06:19:42","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=92046"},"modified":"2022-10-12T13:02:53","modified_gmt":"2022-10-12T11:02:53","slug":"cac40-stock-of-the-day-lvmh-quarterly-results-exceeding-forecasts","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/cac40-stock-of-the-day-lvmh-quarterly-results-exceeding-forecasts\/","title":{"rendered":"CAC40 stock of the day : LVMH, quarterly results exceeding forecasts"},"content":{"rendered":"<h4>In the first nine months of 2022, LVMH generated revenue of 56.5 billion euros, up 28% based on published figures. Organic revenue growth was 20%.<br \/>\n<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>In the third quarter, the organic growth of the world&#8217;s leading luxury goods company was 19% to 19.76 billion euros. This was higher than analysts&#8217; forecasts.<em> &#8220;Europe, the United States and Japan, which have grown strongly since the beginning of the year, are benefiting from solid demand from local customers and the recovery in international travel,&#8221;<\/em> the company commented.<\/p>\n<p>&nbsp;<\/p>\n<p><em>&#8220;Asia (including China) is seeing less growth in the first nine months of 2022 although the last quarter is improving thanks to the partial easing of health restrictions.&#8221;<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>In detail, in the third quarter of 2022, Fashion and Leather Goods posted organic growth of 22% to 9.69 billion euros. Wines &amp; Spirits grew by 14% to 1.9 billion euros. Perfumes &amp; Cosmetics grew by 10% on a comparable basis to 1.96 billion euros. Watches &amp; Jewellery grew by 16% to 2.67 billion euros. Finally, Selective Retailing grew by 15% to 3.46 billion euros.<\/p>\n<p>&nbsp;<\/p>\n<p><em>&#8220;Despite an uncertain geopolitical and economic context, the group is confident in the continuation of its current growth and will maintain a policy of cost control and selective investments&#8221;,<\/em> says <strong>LVMH<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/lvmh-pays-an-exceptional-anti-inflation-bonus\/\">LVMH pays an exceptional anti-inflation bonus<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured Photo : \u00a9Press<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first nine months of 2022, LVMH generated revenue of 56.5 billion euros, up 28% based on published figures. Organic revenue growth was 20%.<\/p>\n","protected":false},"author":1,"featured_media":92051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"In the first nine months of 2022, LVMH generated revenue of 56.5 billion euros, up 28% based on published figures. 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