LVMH says Q3 sales fell 4.4 percent to 19 billion euros

The French luxury goods group Moët Hennessy Louis Vuitton (LVMH) also suffered a decline in sales in the third quarter of the 2024 financial year. With its results published on Tuesday evening, the group fell short of market expectations.

In the period from July to September, group sales amounted to just under 19.1 billion euros. This represented a decline of four percent compared to the same quarter last year. On an organic basis – i.e. adjusted for currency effects and changes in the group portfolio – revenues fell by three percent.