Beauty Sales Rise 6% at LVMH for 2009

2008-10-09 | 01:16

Luxury goods maker reports strong nine month results

LVMH Moet Hennessy Louis Vuitton reported perfume and cosmetic sales rose 6% to 2.08 billion euros for the nine months ended Sept. 30, 2008. Perfumes & Cosmetics recorded organic revenue growth of 11% during the first nine months of the year. For Christian Dior, the third quarter included the successful launch of the new male perfume Dior Homme Sport and growth in makeup and skin care. Guerlain benefited from the excellent progress of its new mascara Le 2. The new perfume, Guerlain Homme, and Givenchy’s Phenomen’Eyes mascara, are among the numerous innovations which have supported this business group’s revenue. BeneFit continues to demonstrate rapid growth and confirms its strong potential, according to the company.

Overall, the French luxury group, which owns brands from Givenchy to Dom Perignon, reported a 4.5% gain for the nine months to more than 11.9 billion euros.

LVMH said the performance was “even more noteworthy in view of the high comparative figures seen in the third quarter” last year and the tough "global economic context." The third quarter last year was LVMH’s strongest, with 15% organic growth.