Lvmh Moet Hennessy Vuitton (EU:MC)
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By Cristina Roca
LVMH Moet Hennessy Louis Vuitton SE (MC.FR) said Wednesday that its first-quarter revenue grew by double digits thanks to a buoyant start to the year.
The French luxury-goods titan reported first-quarter revenue of 12.54 billion euros ($14.13 billion), up 16% from EUR10.85 billion in the same period a year ago. The result beat analysts' expectations of EUR12.23 billion revenue, according to a consensus estimate provided by FactSet.
LVMH said the result represented 11% organic growth.
LVMH, best known for its flagship Louis Vuitton brand, posted 20% growth in its fashion and leather goods division, making it the group's fastest-growing.
Write to Cristina Roca at firstname.lastname@example.org; @_cristinaroca
(END) Dow Jones Newswires
April 10, 2019 12:20 ET (16:20 GMT)
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