(Finance) – Turnover slips LVMH in the first quarter of the year. Turnover fell by 2% to 20.69 billion euros compared to 21.03 billion achieved in the same period a year earlier.
The company specifies in the notes to the accounts that on a constant basis revenues increased by 3% (considering already consolidated operations and eliminating the effect of currency exchange rates). LVMH therefore claims “a good start to the year despite a geopolitical and economic context that remains uncertain. At constant exchange rates, Europe and the United States recorded growth, in Japan the increase was double-digit”.