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Lvmh Group Announces Financial Results For The First Nine Months Of 2018, Revenue Increases 10% Yoy

LVMH Group (LVMH), a global leader in high-quality luxury goods, achieved revenues of 33.1 billion euros in the first nine months of 2018, a year-on-year increase of 10%. Compared with the same period in 2017, endogenous revenue increased by 11%. Excluding the impact of the termination of the Hong Kong International Airport franchise at the end of 2017, endogenous revenue increased by 13% year-on-year. Good progress has been made in all geographic regions.

 In the first nine months of 2018, endogenous revenue from the watch and jewellery segment increased by 14% year-on-year. BVLGARI performed well and continued to gain market share. Chaumet Paris and Fred are making steady progress. In the field of watchmaking, TAGHeuer continues to develop the logo series, Hublot has achieved strong growth, and opened London’s first single-brand boutique. (Photo / text watch home Xu Chaoyang)