LVMH Sales Rose 17% In The First Quarter

In the first quarter of this year, LVMH Luxury goods The giant continues its legendary style. Sale Growth. The prosperity of LVMH has benefited from the development in China and the United States. The sales contribution of the two countries for LVMH Mo t Hennessy Louis Vuitton increased by 17% over the same period last year, reaching 5 billion 250 million euros, or 7 billion 170 million US dollars, far beyond analysts' forecasts.

LVMH Paris stock exchange share price per share Rise 5%, reaching 115.2 euros ($164.97).

However, due to Japan's earthquake, tsunami and nuclear leakage, Japan was in March. market There has been a dramatic decline of 25%. In one or two, the Japanese market was more stable and sales fell by about 9%. "Sales in the Japanese market will gradually improve in the near future." LVMH chief financial officer Jean-Jacques Guiony said at a meeting on Tuesday that he declined to disclose the sales forecast for Japan in April.

In the question time of the meeting, Guiony revealed that LVMH had no intention of raising its stake in Herm s, and the 20.2% announced last December will not change. At the same time, he also revealed that LVMH will spend 6 billion dollars. Buy The consultations of Rome's jewellery brand Bulgari may reach a final agreement in May this year, and its sales and profits will merge with the head office in June and July this year.

Louis Vuitton brand sales reached two digit growth in the current quarter, of course, Marc Jacobs, Givenchy and Loewe growth can not be underestimated. The sales of fashion leather goods reached 2 billion 30 million euros (2 billion 770 million US dollars) this year. Besides LV's contribution, Fendi and Donna Karan also achieve the expected sales growth.

In this season, the group has achieved two digit growth in almost all fields - all categories including men's and women's garments and leather goods sales (including New Lock and Granvile Series), except for the classic Lady Dior style dress.