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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.20 | 0.15% | 780.40 | 780.30 | 780.40 | 781.60 | 775.90 | 779.90 | 58,598 | 12:17:32 |
From Apr 2019 to Apr 2024
By Joshua Kirby
LVMH Moet Hennessy Louis Vuitton SE said Thursday that revenue declined organically in the third quarter compared with the same period of the previous year, but noted a return to growth in some areas following a difficult first half affected by the coronavirus pandemic.
The French luxury-goods conglomerate posted revenue of 11.96 billion euros ($14.05 billion) for the quarter, down from EUR13.32 billion in the same period of 2019. That was better than analysts' expectations of EUR11.37 billion, according to a consensus estimate provided by FactSet and based on four analyst estimates.
Revenue fell 7% organically year-on-year, the company said.
LVMH, which owns the Louis Vuitton, Dior, Bulgari and Hennessy brands, said growth returned in cognac sales and in the fashion and leather goods division, which saw 12% organic growth in sales from the same period of 2019.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 15, 2020 12:26 ET (16:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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