Good business with leather and fashion has given the luxury goods group LVMH a brilliant start to the year. In the first quarter, sales grew by 17 percent year-on-year to a good 21 billion euros, as the supplier of fashion brands such as Louis Vuitton, Rimowa suitcases and Hennessy Cognac announced on Wednesday evening in Paris.
Quarterly sales exceeded average analyst expectations by more than a billion euros. The news was well received on the financial market: In after-hours trading on the Tradegate platform, the LVMH share, which is listed in the Eurozone index EuroStoxx 50, rose by almost two percent compared to the closing price on the stock exchange.
