LVMH Q3 sales up but difficult 2012 predicted

Published: 21-Oct-2011
Colour Cosmetics Fragrance Finance

US and Asia outperform Europe


The LVMH luxury products group has reported a rise of 17.6% in third quarter 2011 sales to just over €6bn, higher than some analysts' expectations. Sales in Europe, however, went up by 7% compared with 18% in the US and 27% in Asia.

The group achieved a 10% increase in perfume and cosmetics sales but following the recent comments on economic conditions from Clarins, a difficult year is expected in Europe in 2012. Sales of cosmetics and perfumes fell slightly in the third quarter this year in Europe, due mainly to poor growth in the south of the region.
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