LVMH WATCHES AND JEWELRY SECTOR SALES UP

14 april 2004

LVMH WATCHES AND JEWELRY SECTOR SALES UP 17%

Luxury products group LVMH Moët Hennessy Louis Vuitton’s organic sales growth reached 10 percent in the first quarter of 2004, coming on top of an increase in organic sales in the same period last year. Consolidated sales were US$3.5 billion in the 2004 first quarter.

The watches and jewelry sector saw an increase of 17 percent in sales in the first quarter of 2004 as compared to the same quarter in 2003, and an increase of 30 percent in organic sales growth.

Regarding the company’s outlook, LVMH plans to continue to pursue growth by taking advantage of the strength of its brands, new product launches and penetration of new markets, while increasing market share and the profitability of leading brands, as well as improving the performance of LVMH’s developing companies and cash generation remain LVMH’s most important priorities.

Article by: Tacy Ltd