LVMH 9-Month Revenues Up 10%

(RTTNews) - LVMH Moet Hennessy Louis Vuitton (LVMHF.PK, LVMUY.PK) Tuesday reported a 10% increase in revenues for the first nine months of 2018.

Revenues for the period rose to 33.13 billion euros from 30.10 billion last year. Organic revenue grew 11% compared to the same period in 2017.

All business groups recorded growth, with Wines & Spirits up 1%, Fashion & Leather Goods up 20%, Perfumes & Cosmetics up 8%, Watches & Jewelry up 8%, and selective retailing up 2%.

With organic revenue growth of 10%, the third quarter continues the trend recorded in the first half of the year.