LVMH Revenues rose 16 percent to €12.5 billion

Finance – LVMH Q1 results : encouraging numbers

Booming bag biz. LVMH released its Q1 figures yesterday and the numbers were encouraging. Revenues rose 16 percent to €12.5 billion, an 11 percent rise on a like-for-like basis. Louis Vuitton and Christian Dior Couture were the conglomerate’s top performing brands and growth in the leather goods category was up by 20 percent, evidence that “It” bags are still indeed an “It” thing. Watch and jewelry sales, however, were below analysts’ expectations.