LVMH achieves 16 percent revenue growth in first nine months

LVMH achieves 16 percent revenue growth in first nine months

LVMH has reported a revenue growth of 16 percent for the first nine months of 2019, with the perfume & cosmetics arm achieving a record organic growth revenue of 8 percent.

The overall revenue reached €38.4 billion, while organic revenue grew 11 percent year on year.

Driven mainly by the company’s flagship brands, the perfume & cosmetics arm was bolstered by Parfums Christian Dior, its iconic fragrances and the new Joy and Sauvage ranges.

According to the company, make-up and skin care also achieved significant growth, with Guerlain, Abeille Royale, Rouge G and L’Essential ranges all reported as being successful. Parfums Givenchy was said to have made rapid growth while Fresh, Fenty by Rihanna and Acqua di Parma all made good progress.

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