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LVMH achieves 14 billion euros in sales in the first quarter, above the pre-pandemic level


The group chaired by Bernard Arnault recorded an 8% growth in turnover compared to 2019, and 32% compared to 2020.

The world leader in luxury LVMH announced on Tuesday that it started the year with sales growth which reached 14 billion euros in the first quarter, surpassing those of the first quarter of 2019.

Read also: Louis Vuitton and Dior take over LVMH

This performance is higher than the consensus compiled by the Bloomberg and Facset agencies, which respectively expected 12.7 and 12.5 billion euros. Bernard Arnault's group, the first of the CAC 40 to unveil its quarterly figures, reported a turnover growth of 32% compared to 2020. In comparison with the first quarter of 2019, organic sales growth is evident at 8%.

Source: lefigaro

All news articles on 2021-04-13

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