Thursday, April 17, 2008

LVMH Q1 Earrings - Beaucoup Billions

As reported by Idex, the Q108 earrings of LVMH were greater than 4 billion Euros with organic revenue up by 12% over the Q107. I'd like to see the figures on the percent of sales from the US, China and Europe. With the US in recession, I wonder who is buying these products.
All business groups in the company, which include wines and spirits; fashion and leather goods; perfumes and cosmetics; watches and jewelry and selective retailing (a consortium of specialty brands) recorded double-digit organic revenue growth in the period, with the exception of the wines and spirits sector.

Watches and jewelry revenues rose 19 percent overall to €211 million in the first quarter. The reported increase was 12 percent. Watch and jewelry revenues were €189 million in the first quarter of 2007

The watches and jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred and De Beers Diamond Jewellers, a joint venture with the diamond company.

Maintenant, un coup de Moet pour Monsieur Arnault
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