LVMH Moët HennessyLouis Vuitton (LVMH)announced its 2016 Q3 revenue on 10 October 2016. The group recorded a four-percent increase in revenue, reaching €26.3 billion, for the first nine months of 2016. Organic revenue grew five percent compared to the same period in 2015. The watches & jewellery business group recorded organic revenue growth of four percent for the first nine months.
Bvlgari continued to gain market share and showed major creative momentum by enriching its iconic product lines, notably with the recent launch of Serpenti Seduttori. TAG Heuer made great progress in a difficult market, benefiting particularly from the success of its new collections and its smartwatch. Hublot continued the development of its iconic lines, Classic Fusion and Big Bang. Chaumet furthered its progress, driven by the success of its Joséphine and Lien collections.
With organic revenue growth of six percent, the third quarter saw an acceleration compared to the first half of the year. Asia, excluding Japan, showed a significant improvement during the quarter. The United States remains well positioned, as does Europe, with the exception of France which continues to feel the impact of a decline in the number of tourists.
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