• Q3 revenue increased 15% to EUR6.9bn
  • Fashion and leather goods revenue up 13.8%
  • US demonstrated "solid momentum"

Luxury goods powerhouse LVMH Moët Hennessy Louis Vuitton has booked a 15% increase in third quarter revenue on the back of its strong performance in the US.

Total revenue rose to EUR6.9bn (US$9bn) during the third quarter, compared to EUR6bn the same period last year, while organic growth was 6%. The fashion and leather goods division saw sales increase 13.8% to EUR2.5bn.

LVMH said the US market continued to "demonstrate solid momentum" with Europe and Asia also contributing to its overall performance despite "a mixed business environment".

Meanwhile, revenue increased 22% to EUR19.9bn for the first nine months of the year. Organic revenue grew 10% after taking into account the integration of Bulgari and a positive currency impact.

The luxury group saw organic sales at its fashion and leather goods business grow 8% during the first nine months of the year as revenue was up 16% to EUR7.2bn.

It said that "despite the background of an economic slowdown in Europe, LVMH remains confident in its outlook for 2012."