LVMH Q3 organic sales growth reaches 15 pct; repeats FY guidance |
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Published
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Mon, 15 Oct 2007 06:45
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PARIS (Thomson Financial) - LVMH said organic sales growth in the third quarter was 15 pct year-on-year, citing further market share gains for its brands.The luxury goods group said total sales for the first nine months of the year were 11.446 bln eur, up 8 pct versus 10.626 bln in the year-earlier period. Nine-month organic sales growth was 13 pct.Analysts polled by Thomson Financial News had been expecting LVMH to post organic growth of 11-13 pct in the third quarter.The company reiterated its guidance for a 'significant increase in its results in 2007'.tfn.paris@thomson.comgt/cmr/gt/jfrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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