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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lvmh Moet Hennessy Louis Vuitton SE | EU:MC | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-7.40 | -0.96% | 767.00 | 765.10 | 775.00 | 780.50 | 765.00 | 780.00 | 233,167 | 02:01:49 |
By Matthew Dalton
PARIS -- French luxury conglomerate LVMH Moët Hennessy Louis Vuitton said Monday first-quarter revenue surged 15%, fueled by strong sales across the company's empire of luxury brands.
Revenue for the quarter was EUR9.9 billion, beating analyst expectations of EUR9.5 billion. Adjusting for currency effects, that was a 13% increase compared to the same period a year ago.
LVMH's fashion and leather-goods division -- including its flagship Louis Vuitton brand -- led the way, with sales rising 15% to EUR3.4 billion.
LVMH's brands include spirits such as Hennessy Cognac, fashion-label Celine and the high-end watchmaker Hublot.
Write to Matthew Dalton at matthew.dalton@wsj.com
(END) Dow Jones Newswires
April 10, 2017 13:14 ET (17:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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