(CercleFinance.com) – LVMH Moët Hennessy Louis Vuitton achieved sales of 60.8 billion euros over the first nine months of 2024, stable at comparable currencies and scope (-2% as reported).
‘Europe and the United States are experiencing slight growth at comparable currencies and scope. Japan continues to see double-digit sales growth. The rest of Asia notably reflects the strong growth in spending by Chinese customers in Europe and Japan,’ indicates the group.
In the third quarter, the slight decrease in sales to 19,076 ME is mainly linked to lower growth observed in Japan, mainly due to the rise in the yen.
The Fashion & Leather Goods activity is almost stable organically (-1%) over the first nine months of 2024 at €29,922 million (-3% as published).
With organic sales growth of 5% over the first nine months of 2024, the Perfumes & Cosmetics activity posted sales of €6,148 million (+2% as reported).
The Wines & Spirits activity recorded a drop to €4,193 million (-8% organic and -11% as reported) in its sales over the first nine months of 2024.
The Watches & Jewelry activity is down organically by -3% over the first nine months of 2024 to €7,536 million (-5% as reported).
