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LVMH (ENXTPA: MC) 1Q17 Results: Standout Quarterly Sales

Executive Summary

  • LVMH Moët Hennessy Louis Vuitton increased its revenues by 15% year over year in 1Q17, to €9,884 million, ahead of the consensus estimate of €9,521 million. Revenues jumped 13% year over year on an organic basis.
  • The Asia, Europe and US markets all achieved positive sales growth in the quarter.
  • The very strong results were driven by standout sales growth across all five business segments. The Fashion & Leather Goods and Wines & Spirits segments saw the strongest organic sales growth, at 15% and 13%, respectively

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