LVMH records 22% revenue increase
LVMH records 22% revenue increase
Oct 17, 2012 6
(TheDrinksBusiness) - LVMH Moët Hennessy Louis Vuitton has recorded revenue of €19.9 billion for the first nine months of 2012, an increase of 22% on the same period in 2011.
Dom Perignon is part of the LVMH group (Image © Dom Perignon)In a press statement the group said it had recorded a 15% rise in revenue for the third quarter, which it said was, “a solid result in the current economic environment, particularly when compared to the strong performance in the same period of 2011.
“The US market continued to demonstrate momentum. In spite of a challenging economic environment, Europe and Asia also contributed to the third quarter performance.”
Within the group wines and spirits recorded 12% organic growth for the first three quarters of 2012.
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