LVMH earns 16% higher revenues by its jewellery & watches

The first nine months of 2007 have earned LVMH Moet Hennessy Louis Vuitton (LVMH) increased revenue of 8 percent, to value at EUR 11.4 billion (about $16.2 billion), as compared to last years EUR 10.6 billion (about $15.1 billion) earned during the same period.

Its Louis Vuitton brand’s performance boosted LVMH’s revenues, especially in the third quarter of 2007. In the three quarters of 2007, watches and jewellery soared higher by 16 percent to value at EUR 589 million (about $838 million), while the same was valued at EUR 509 million (about $724 million) in the three quarters of 2006. Amongst the watch brands, TAG Heuer, Dior, Zenith, Chaumet and De Beers made appreciable progress.

LVMH achieved its intent to increase sales in 2007 owing to the appeal of its brands and products in a "well-oriented global economic environment, moderated by the weight of the excessive valuation of the euro felt by European producers."