LVMH continues its dynamic growth despite the crisis

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, achieved revenue of €12 billion in the first nine months of 2008. Organic revenue grew 10% compared to the same period in 2007.

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, achieved revenue of €12 billion in the first nine months of 2008. Organic revenue* grew 10% compared to the same period in 2007. In the third quarter of 2008, LVMH, notably thanks to the continued exceptional performance of Louis Vuitton, reported remarkable growth despite the global economic context. The Group achieved organic revenue growth of 6%, a performance that is even more noteworthy in view of the high comparative figures seen in the third quarter of 2007.

Watches & Jewelry achieved organic revenue growth of 9% during the first nine months of the year. TAG Heuer developed its high-end product strategy, illustrated by the success of its Grand Carrera collection. Hublot saw strong revenue growth in all its regions. Zenith recorded particularly strong growth in the Middle East. De Beers saw a high level of growth in revenue, including in the US.

Outlook: LVMH relies on the considerable appeal of its products and brands to continue the momentum it has enjoyed since the beginning of the year, despite the current global economic and financial crisis. LVMH confirms its objective of a tangible increase in its results in 2008. ■

© 2008 All rights reserved

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