LVMH reports revenue of €30.34 bn in Q3 FY20

Fashion

16 Oct `20

2 min read

LVMH Moët Hennessy Louis Vuitton, French high-quality products group, reported 21 per cent revenue decrease to €30.34 billion in the first nine months of FY20 compared to the revenues of €38.39 billion in the same period previous fiscal. For nine months period, fashion & leather goods business fell 12 per cent to €13.93 billion (€15.87 billion).

LVMH Moët Hennessy Louis Vuitton, French high-quality products group, reported 21 per cent revenue decrease to €30.34 billion in the first nine months of FY20 compared to the revenues of €38.39 billion in the same period previous fiscal. For nine months period, fashion & leather goods business fell 12 per cent to €13.93 billion (€15.87 billion).#

LVMH in its press release stated that the group demonstrated good resilience in an economic environment severely disrupted by the serious health crisis that led to the suspension of international travel and the closure of the group’s stores and manufacturing sites in most countries over a period of several months.

LVMH Moët Hennessy Louis Vuitton, French high-quality products group, reported 21 per cent revenue decrease to €30.34 billion in the first nine months of FY20 compared to the revenues of €38.39 billion in the same period previous fiscal. For nine months period, fashion & leather goods business fell 12 per cent to €13.93 billion (€15.87 billion).#

The encouraging signs of recovery were observed in June for several of the group’s activities were confirmed in the third quarter in all regions, notably in US, and in Asia, which once again grew over the period.

LVMH Moët Hennessy Louis Vuitton, French high-quality products group, reported 21 per cent revenue decrease to €30.34 billion in the first nine months of FY20 compared to the revenues of €38.39 billion in the same period previous fiscal. For nine months period, fashion & leather goods business fell 12 per cent to €13.93 billion (€15.87 billion).#

Group’s wines & spirits business declined 15 per cent to €3.34 billion in the nine months period. Fashion & leather goods business however rose 12 per cent in the third quarter to €5.94 billion (Q3 FY19: €5.44 billion). Christian Dior showed remarkable momentum. The many new products, such as the Dior Bobby bag and the knitted bar jacket, were very well received.

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