LVMH: organic sales growth of 3% in Q1
' Europe and the United States reported like-for-like sales growth in the quarter; Japan achieved double-digit sales growth; the rest of Asia reflected strong growth in spending by Chinese customers in Europe and Japan ' says the group.
Fashion and Leather Goods posted organic sales growth of 2% to 10,490 ME in the first quarter of 2024 (-2% on a reported basis).
Wines and Spirits recorded an organic sales decline of -12% to 1,417 ME (-16% on a reported basis). Watches and Jewelry sales fell slightly by -2% in organic terms to ME2,466 (-5% in published figures).
Perfumes and Cosmetics posted organic sales growth of 7% to ME2,182 (+3% in published figures). In Selective Retailing, organic sales growth was 11% in the first quarter of 2024 to 4,175 ME.
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