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Article: LVMH Demonstrates Good Resilience in the First Quarter of 2009: Slight Increase in Revenue.(Financial report)
- Article from:
- Business Wire
- Article date:
- April 22, 2009
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PARIS -- LVMH Mo[R]t Hennessy Louis Vuitton, the world's leading luxury group, recorded revenue of 4 billion euros in the first quarter of 2009. This marked a slight increase versus the same period in 2008, despite the particularly unfavourable economic climate. Notwithstanding the current environment, Louis Vuitton demonstrated its remarkable momentum with double-digit revenue growth during the quarter. The Group continues to gain market share in the global luxury market.
By business group, progress was as follows:
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* With a comparable structure and at constant exchange rates.
In Wines & Spirits, the positive exchange ...