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Article: Excellent Start to the Year for the LVMH Group; Organic Sales Growth for the First Quarter of 2005: +11%.
- Article from:
- Business Wire
- Article date:
- April 20, 2005
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PARIS -- LVMH Moet Hennessy Louis Vuitton, the world's leading luxury products group, reported organic* sales growth of 11% in the first quarter of 2005, which comes on top of a 10% increase in organic sales for the same period in 2004. Consolidated sales were 3,082 million Euros for the first quarter 2005.
The sales growth momentum since the beginning of the year is impressive with almost all business groups recording double-digit organic sales growth.
For the first time LVMH is releasing quarterly sales under IFRS with comparisons against the first quarter of 2004.
By business group, the evolution was as follows:
In millions of Euros ...