The French multinational luxury goods conglomerate posted organic revenue growth of 7% for Q3 of 2015, against forecasts of about 5.5%.
Organic revenue growth strips out the effects of currency movements.
A weaker euro as well as strong wine and spirits sales boosted Q3 revenue.
LVMH noted overall growth in Europe and the US as well as an “acceleration” in Japan.
Overall revenue for Q3 of 2015 rose 16% to $9.76 billion.
LVMH is the world’s biggest luxury group.
It sells the likes of Louis Vuitton handbags, several Champagne brands, Hennessy cognac and fashion labels Fendi and Marc Jacobs. It also sells perfumes, cosmetics, watches and jewellery.
Wine and spirit sales in China, which had been hurt by the country’s anti-corruption drive, saw a “notable acceleration in the third quarter”, the firm said.
“Hennessy cognac …benefited in the third quarter from a strong rebound in shipments to China and continued excellent momentum in the United States,” it stated.
Sales in LVMH’s fashion and leather business were slower than expected.
LVMH does not publish quarterly profit figures.
At least 158 people have died in Spain's worst flooding disaster in generations. On October…
Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…
Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…
The US presidential candidates continued to campaign across key swing states on October 20. Footage…
Elon Musk has said he will give away $1 million a day to a registered…
India and Canada have decided to expel their top envoys along with other diplomats as…
