What: LVMH keeps the same trajectory in terms of growth over 2019, at +11% in terms of consolidated sales.

Why it is important: The trajectories of the different divisions have not significantly changed when compared to the first half of the year report and 2019 sales. Perfumes & cosmetics and selective retailing divisions are still struggling to recover from pre-pandemic levels.

Sales at LVMH fashion and leather group division kept on growing during Q3, albeit not at the same pace compared to the first half of the year. The division grew +24%, for a revenue up +38% compared to pre-pandemic levels. Asia slowed down a bit in terms of growth due to the new policies implemented by the Chinese government.

Wines & spirits, and hard jewellery also grew over 2019, respectively by +10% and +4%. The perfumes & cosmetics and selective retailing divisions, although significantly growing over LY, have not yet recovered to the 2019 levels, as they are trading respectively by -2% and -23%. In total, the group’s revenue grew by +46% on the first 9 months over 2020, and +11% over 2019.

lvmh 2021 third quarter revenue