• Q1 sales rose 17% to EUR5.24bn (US$7.5bn)
  • Double-digit growth across its business
  • Fashion & Leather Goods up 17% to EUR2.03bn 

Luxury goods group LVMH Moët Hennessy Louis Vuitton has posted a 17% rise in first quarter sales thanks to double-digit growth across its business.

Revenues rose to EUR5.24bn (US$7.5bn), with the US, Europe and Asia all enjoying “strong momentum.” The company said normal business has also resumed in the key Japanese market following last month’s earthquake and tsunami.

The Fashion & Leather Goods business saw sales rise 17% to EUR2.03bn, led by Louis Vuitton. Production has been expanded in order to support this demand, most notably through a new Marsaz workshop in the Drôme region of France.

As well as growth at Fendi and Donna Karan, the company singled out Céline for its “strong progress.”

Looking ahead, LVMH says it will continue to focus on developing its brands and maintaining a strict control over costs. It said it also will rely on “the diversification of its businesses and the good geographical balance of its revenues to increase.”