210
Fashion Jobs
ADIDAS
Sports Marketing Manager
Permanent · COPENHAGEN
NAME IT
Buying Responsible, Outerwear
Permanent · BRANDE
L'OREAL GROUP
Salon Business Partner - Professional Products Division - Sjælland/København
Permanent · COPENHAGEN
BEST SELLER
Tech Lead - Whs Analytics
Permanent · AARHUS
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
Estée Lauder Companies is Looking For an Execution Planner to be Part of Our Nordic Supply Chain Team
Permanent · COPENHAGEN
BESTSELLER
Sales Manager
Permanent · BRANDE
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
PROCTER&GAMBLE
Key Account Manager
Permanent · COPENHAGEN
PROCTER&GAMBLE
Key Account Manager
Permanent · COPENHAGEN
VILA
Art Director, Graphic Team
Permanent · SKANDERBORG
ONLY
Retail Planner
Permanent · BRANDE
ESTÉE LAUDER
Earned/Owned Media Senior Manager to Lead a Team of Eight People in Our Nordic Affiliate
Permanent · COPENHAGEN
ZIZZI
Financial Controller
Permanent · BILLUND
SMASHBOX
The Estée Lauder Companies is Looking For a Nordic Product Manager (Maternity Cover)
Permanent · COPENHAGEN
JACK & JONES
Junior Planner
Permanent · BRANDE
JDY
Key Account Manager
Permanent · BRANDE
ESTÉE LAUDER COMPANIES
Key Account Manager - Premium Beauty Products
Permanent · COPENHAGEN
BEST SELLER
Site Reliability Engineer Tech Lead For Hybrid Computing Platform
Permanent · BRANDE
VERO MODA
Retail Director
Permanent · AARHUS
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
By
Reuters
Published
Oct 10, 2008
Download
Download the article
Print
Text size

LVMH keeps outlook as 9 month sales rise 4.5 percent

By
Reuters
Published
Oct 10, 2008

* LVMH 9 month sales 11.959 billion euros.

* LVMH keeps its outlook.

(Adds details)

PARIS (Reuters) - LVMH , the world's biggest luxury goods group, reported a 4.5 percent rise in nine month sales on Thursday and maintained its full-year outlook.


Campagne publicitaire de Loewe, propriété du groupe LVMH

The Paris-based group reported revenues of 11.959 billion euros ($16.40 billion), beating an average revenue forecast of 11.925 billion euros based on a Reuters poll of eight analysts.

On a like-for-like basis, stripping out the effects of foreign exchange rates, LVMH said sales rose 10 percent.

LVMH, which sells Louis Vuitton handbags and champagne and wines, stuck to its target for a "tangible increase" in its results for 2008.

Analysts are expecting cracks to appear in the resilience of the global luxury market due to weaker consumer confidence and the global financial crisis.

Leading U.S. retailers have posted disappointing September sales figures, with luxury department store Saks posting a drop in same store sales this week.

LVMH said sales of wines and spirits fell 2 percent, although this was offset by an 11 percent rise in sales of watches and jewellery.

LVMH shares closed down 1.4 percent to 51.29 euros before the announcement. The stock has fallen 38 percent since the start of the year, in line with a 39 percent fall in France's benchmark CAC-40 index .FCHI.

(Reporting by Sudip Kar-Gupta; Editing by Quentin Bryar)

© Thomson Reuters 2024 All rights reserved.