Impressive Performance in the Chinese Market! LVMH Group’s Q1 Revenue Soars by 17% to Over 20 Billion Euros

4月 13, 2023

On April 12th at GMT+8 2200 hours, LVMH, the French luxury goods giant, announced its major financial data for Q1 2023. Due to a significant rebound in the Chinese market, the company’s sales revenue grew by 17% year-on-year, reaching 21.035 billion euros, with organic growth also at 17%, which is more than double the analysts’ expectations. All sectors, except for the wines and spirits division, achieved double-digit organic growth.
Since the beginning of this year, LVMH Group’s stock price has risen by over 28%, outperforming the overall gain of 14.5% in the French …