news oceon

LVMH starts the year with strong growth

Spread the love

LVMH is going up the slope. The French group, world number one in luxury, presented its results for the first quarter of 2021 on Tuesday. With a turnover of 14 billion euros (15.4 billion francs), it shows organic growth of 30% compared to the same period last year, and 8% compared to 2019, after several quarters of decline linked to the pandemic. A result higher than the consensus compiled by the Bloomberg and FactSet agencies, which respectively expected sales of 14 and 13.7 billion francs.

Read also: Bernard Arnault and the “facelift” of France LVMH

Even more News